Economy, asked by shaan4518, 9 months ago

define demand.explain the factor of affecting supply​

Answers

Answered by poonamaalok8581
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:

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