Explain any
three
factors affecting
demand
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Explanation:
It is assumed that there are six main factors affecting the demand: income: when consumer`s income increases, he or she usually buys more goods which increases the demand. ... number of consumers: when the number of consumers increases there are more people who buy the good and as a result the demand increases
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It is assumed that there are six main factors affecting the demand: income: when consumer`s income increases, he or she usually buys more goods which increases the demand. ... number of consumers: when the number of consumers increases there are more people who buy the good and as a result the demand increases.
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