cost of product affect the demand
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If the cost of the product increase it will be less showed and the demand will decrease and if the cost of the product decrease the demand will increase
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Heya!
Here's your answer.
Literally, we all purchase items in our daily life. We purchase food items, clothes, or any other stuffs. And these all stuffs are used by all of us. Now the point is that, in this world or wherever you're living, there are many people around ya. Some are rich and some are poor. like some can afford and some can't.If you check that you're purchasing something and it's cost is 40 rupees, but after few more years later if that item is being used by most of the people and it's getting more popular so definitely so many people would cropped to purchase it.And now, the company who makes that product would have to produce more items.So,what happens to the people? Don't you think that if so many people would demand that product, obviously it's cost would increase but also it may decrease. As, take an example of salt. It is found many places and it's cost is very low,but take a good jewellery,it's found most of the places isn't it? But still it's price is high..'cause if it's properties that it have. So, you can take it as the cost of an item also dependson it's properties.
Hope it helps you!
Here's your answer.
Literally, we all purchase items in our daily life. We purchase food items, clothes, or any other stuffs. And these all stuffs are used by all of us. Now the point is that, in this world or wherever you're living, there are many people around ya. Some are rich and some are poor. like some can afford and some can't.If you check that you're purchasing something and it's cost is 40 rupees, but after few more years later if that item is being used by most of the people and it's getting more popular so definitely so many people would cropped to purchase it.And now, the company who makes that product would have to produce more items.So,what happens to the people? Don't you think that if so many people would demand that product, obviously it's cost would increase but also it may decrease. As, take an example of salt. It is found many places and it's cost is very low,but take a good jewellery,it's found most of the places isn't it? But still it's price is high..'cause if it's properties that it have. So, you can take it as the cost of an item also dependson it's properties.
Hope it helps you!
EnoshGonmei:
Or else,you can write this also.If you don't understand my words.
When demand exceeds supply,prices tend to rise. There is an inverse relationship between the supply and prices of goods and services when demand is unchanged. ... However, whendemand increases and supply remains the same, the higherdemand leads to a higher equilibrium price and vice versa.
Hope it helps you and please mark my answer as brainliest if you want to. Thanks!
so was I correct????
Yes you are but it's all about people.
If they are interested in that product then also it will be in demand..
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