does demand changes from person to person and place to place
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no, does demand changes from person to person and place to place
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Causes of Changes in Demand
Several factors can cause a change in demand, even if the price has not changed. Those factors are:
- changes in disposable income (see the Key Point below for a definition of this)
- changes in the price of related products
- advertising campaigns
- changes in population
- changes in taste and fashion.
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