Economy, asked by clementsingh56, 3 months ago

Give two determinants of demand for a commodity.​

Answers

Answered by Anonymous
2

Answer:

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.

The tastes or preferences of consumers will drive demand.


clementsingh56: Thank you so much!!
Answered by anamikabh
2

Answer:

The two determinants of demand are:

1. The price of the good or service.

2. The prices of related goods or services—either complementary and purchased along with a particular item, or substitutes and bought instead of a product.

For aggregate demand, the number of buyers in the market is the sixth determinant.

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