Question

What are the factors affecting the demand for a commodity? class 11- economics

Answer 1

Answer:

The following factors determine market demand for a commodity.

1. Tastes and Preferences of the Consumers. 2.ADVERTISEMENTS.

3. Income of the People.

4. Changes in Prices of the Related Goods.

5.Advertisement Expenditure.

6.The Number of Consumers in the Market.

7. Consumers' Expectations with Regard to Future Prices.