state the factor that determine demand
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The Five Determinants of Demand
The price of the good or service.
The income of buyers.
The prices of related goods or services—either complementary and purchased along with a particular item, or substitutes and bought instead of a product.
The tastes or preferences of consumers will drive demand.
Consumer expectations.
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1) Income of people.
2) Tastes and Preferences of the consumers.
3) Changes in the price of goods.
4) Consumers expectations with regard to future prices.
5) Income distribution.
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