State the factors that affect demand for a commodity
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competaters who produce make similiar products
outdated iteams can make the sale of the product less
goods conditions determine a. huge factor too
outdated iteams can make the sale of the product less
goods conditions determine a. huge factor too
avinash1234567:
please can you mark as branliest as more answer comes
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The factors that affect demand for a commodity are:
☛ Expectation: if the consumer expects that price and feature will rise, then he buy more quantity at exhining price and on the other hand, if he hope price in further will fall, he willbuy less quantity in present.
☛ Complementary goods: those goods which are used together to satisfy humans wants are known as complementary goods.
For example- petrol and car, in case of these hoods, a fall in price of one chase increase in demand of other goods.
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