what are the determinants of demand
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The price of the good or service. The income of buyers. The prices of related goods or services—either complementary and purchased along with a particular item, or substitutes and bought instead of a product. The tastes or preferences of consumers will drive demand.
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The Five Determinants of Demand
•The price of the good or service.
•The income of buyers.
•The prices of related goods or services—either complementary and purchased along with a particular item, or substitutes and bought instead of a product.
•The tastes or preferences of consumers will drive demand.
•Consumer expectations.
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