Economy, asked by Yatin4481, 1 year ago

On which factor did the income of an individual depends

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Answered by rohit1741

The factors are: 1. Price of the Commodity 2. Income of the Purchaser 3. Person’s Taste’s and Habits 4. Substitutes and Complementary Products and their Relative Prices 5. Consumer’s Expectation About the Future Change in Price 6. Effects of Advertisement and Sales Propaganda.

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