Economy, asked by jomonabraham1010, 7 months ago

what are the deteminate of demand​

Answers

Answered by patris2205
1

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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