Question

Explain any two causes of increase in the demand of a commodity

Answer 1

Answer:

Explanation:

An increase in the demand of a commodity can be caused due to several factors like: ... Increase in the income: Increase in income leads to more disposable income with the consumers, leading to an inceased demand of the comodity.

Answer 2

Answer:

Hope it help

Explanation:

Increase in fuel prices is the main cause of rising bus fares. If fuel prices rise up, bus fares will increase and reduce, in its turn, bus travel as less people will tend to travel. This effect can be evaluated through the measurement of elasticities for bus patronage with respect to fuel costs.