Question

Explain the determinants of demands of a commodity? How is the slope of
demands curve calculated? Please answer fast

Answer 1

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The five determinants of demand are: The price of the good or service. The income of buyers. The prices of related goods or services—either complementary and purchased along with a particular item, or substitutes and bought instead of a product.....

Since slope is defined as the change in the variable on the y-axis divided by the change in the variable on the x-axis, the slope of the demand curve equals the change in price divided by the change in quantity. To calculate the slope of a demand curve, take two points on the curve.....