Question

explain the following factors influencing demand
economy
population
government policies

Answer 1

Answer:

We know that a change in prices affects the quantity demanded. Price, however, is not the only thing that influences demand.

Explanation:

For example, how is demand for vegetarian food affected if, say, health concerns cause more consumers to avoid eating meat

Answer 2

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.

We can look at either an individual demand curve or the total demand in the economy.

1. The individual demand curve illustrates the price people are willing to pay for a particular quantity of a good.
2. The market demand curve will be the sum of all individual demand curves. It shows the quantity of a good consumers plan to buy at different prices.