Question

Explain the determinants of demand​

Answer 1

Answer:

fluctuations in the economic demand for a product or a service. A shift in the demand curve occurs when the curve moves from D to D₁, which can lead to a change in the quantity demanded and the price. There are six determinants of demand.

These six factors are not the same as a movement along the demand curve, which is affected by price or quantity demanded. A shift can be an increase in demand, moves towards the right or upwards, while a decrease in demand is a shift downwards or to the left.