Question

Mention 4 factors determining demand of a commodity?​

Answer 1

Answer:

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:

Answer 2

Explanation:

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: