explain the factors that determine demand.
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Explanation:
As mentioned above, apart from price, demand for a commodity is determined by incomes of the consumers, his tastes and preferences, prices of related goods. ... The other important factor which can cause an increase in demand for a commodity is the expectations about future prices.
Answered by
3
Answer:
As mentioned above, apart from price, demand for a commodity is determined by incomes of the consumers, his tastes and preferences, prices of related goods. ... The other important factor which can cause an increase in demand for a commodity is the expectations about future prices.
Explanation:
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