Question

Q3: WHICH OF THE FOLLOWING FACTORS
CAUSES A CONTRACTION IN DEMAND FOR A
COMMODITY?​

Answer 1

Answer:

Explanation:

1. Tastes and Preferences of the Consumers:

2. Income of the People:

3. Changes in Prices of the Related Goods:

4. Advertisement Expenditure:

5. The Number of Consumers in the Market:

6. Consumers’ Expectations with Regard to Future Prices: