explain the factors affecting demand indetail
Answers
Answered by
1
Answer:
The demand for a good depends on several factors, such as price of the good, perceived quality, advertising, income, confidence of consumers and changes in taste and fashion. ... The individual demand curve illustrates the price people are willing to pay for a particular quantity of a good.
Answered by
0
Answer:
The various factors affecting demand are discussed below:
Price of the Given Commodity.
Price of Related Goods.
Income of the Consumer.
Tastes and Preferences.
Expectation of Change in the Price in Future.
Similar questions