define demand.explain the factor of affecting supply
Answers
Answered by
1
Answer:
demand is a strong request or order that must be obeyed
The various factors affecting demand are discussed below:
- Price of the Given Commodity: It is the most important factor affecting demand for the given commodity. ...
- Price of Related Goods: ...
- Income of the Consumer: ...
- Tastes and Preferences: ...
- Expectation of Change in the Price in Future:
Similar questions