Economy, asked by shaan4518, 10 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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