Question

Hello friends, Pls help me!

My question is,

Q.What are the factors affecting demand?

Answer Asap

Answer 1

$\mathbb{Heya\:mate..!}$

$\mathfrak{Here\:is\:ur\:answer..}$

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$\bold{Q.\:Factors\: affecting\: demand.}$

$\bold{Ans.}$ Determinants or Factors affecting demand are,

$\bold{i.)\:Price\:of\:the\: commodity\:(Px)}$

$\bold{ii.)\:Price\:of\:related\:goods\:(Pr)}$

⇃⇂

a.) Substitute Goods
b.) Complementary Goods

$\bold{iii.)\:Income\:of\:the\:consumer\:(Y)}$

⇃⇂

a.) Normal Goods
b.) Inferior Goods
c.) Necessity Goods

$\bold{iv.)\:Taste\:and\: preference}$

$\bold{v.)\:Other\:factors}$

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$\huge{\:Hope\:It\:Helps..!!}$

Answer 2

Heya....

See here for your answer....

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Demand is the different no of quantities that the consumer is willing to purchase at different prices...

Factors affecting demand are....

"" Own price of the commodity..
If the price of own commodity is less than it will be highly demanded and vice versa..

"" Price of related goods...
Related goods as subsitute and complementary goods also effect the demand as subsitute stay positive impact and complementary negative..

"" Income level...
Income of the consumer have positive relationship with the demand of the good...

"" Tastes and Preferences..
If some of the goods are tasty habitual to consumer then they will be highly demanded...

Thank you...