what are the deteminate of demand
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Answer:
The determinants of demand are factors that cause fluctuations in the economic demand for a product or a service. A shift in the demand curve occurs when the curve moves from D to D₁, which can lead to a change in the quantity demanded and the price.
Explanation:
The Five Determinants of Demand
1.The price of the good or service.
2.The income of buyers.
3.The prices of related goods or services—either complementary and purchased along with a particular item, or substitutes and bought instead of a product.
4.The tastes or preferences of consumers will drive demand.
5.Consumer expectations.
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