Question

State the factors that affect demand for a commodity

Answer 1

competaters who produce make similiar products


outdated iteams can make the sale of the product less


goods conditions determine a. huge factor too

Answer 2

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.