Q3. Increase in Demand occurs due to
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Answer:
Popularity.
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5
Answer:
It most probably occurs due to four major reasons.......--
- Increase in population because when population increases then, consumers increases.....which creates a demand for other people who are not getting the needs.
- Decrease in prices because due to decrease in prices more and more people would like to buy the things at cheap rates thus increasing its demand......
- At the time of any natural disaster because due to natural disaster the crops couldn't grow fully or is half-failed thus increasing its demand due to shortage.....
- When crops are failed because when crops are failed at wide scale then it would lead to its shortage...... thus, increase in demand occurs.....
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