Question

what are the deteminats of demand in breif​

Answer 1

Answer:

price of product and good income of the consumers number of Buyer in the market

Answer 2

ANSWER :-

determinants of demand are two types -

1. determinants of individual demand .
2. and determinants of market demand

determinants of individual demand :-

1. own price of the commodity:- price is the most important factor that influences a consumer decision to purchase a particular commodity lower price of commodity attracts more consumers and higher price restricts their numbers .
2. price of the related goods:- the demand for a good depends not only its own price but also on the prices of related goods if a change in the price of one could affect the demand for another good we say that these two goats are related related goods can be classified into complementary goods and substitute goods complementary goods are those goods which oil used together and substitute goods are those goods which are used in place of one to another .
3. income of the consumer:- another important factor influencing demand is consumers income other things being equal generally there is a direct relationship between consumers income and the demand for a commodity have had the effect of change in income of consumers demand depends upon the nature of commodity Ahir distinguish between normal goods and inferior goods .
4. taste ,preferences and fashion :-preferences of individuals are prevailing patients also affect demand for a commodity demand is directly related with taste of preference and facials for example if consumer developed a taste for commodity and his demand increase similarly a change in preference of also affects the demand for example if brait 2 shows go out of Asian their demand will fall or decreases .