Question

explain three factors that effect demand for a commodity​

Answer 1

8 Factors Influencing the Demand of a Commodity

(i) Price of the commodity itself:

(ii) Prices of other related goods:

(iii) Level of income of the consumer:

(iv) Tastes and Preferences of the Consumer:

(v) Population:

(vi) Income Distribution:

(vii) State of trade:

(viii) Climate and weather: