Economy, asked by prathameshtarve510, 6 months ago

Analysis helps to identify the various factors influencing the demand for a product

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Answered by rhakursurajsingh2010

1

Answer:

The demand for a product is influenced by various factors, such as price, consumer's income, and growth of population. ... For example, the demand for apparel changes with change in fashion and tastes and preferences of consumers. The extent to which these factors influence demand depends on the nature of a product.

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