mention two factors affecting demand for a product
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Explanation:
The various factors affecting demand are discussed below:
- Price of the Given Commodity:-
It is the most important factor affecting demand for the given commodity.
- Price of Related Goods.
- Income of the Consumer.
- Tastes and Preferences.
- Expectation of Change in the Price in Future.
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Answer:
The various factors affecting demand are discussed below:
Price of the Given Commodity: It is the most important factor affecting demand for the given commodity. ...
Price of Related Goods: ...
Income of the Consumer: ...
Tastes and Preferences: ...
Expectation of Change in the Price in Future:
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