What are the factors that cause an increase in demand fora commodity?
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Demand : In business and economic terms, this refers to the willingness and ability of a consumer to purchase a good or service.
The demand of a good or service, a certain commodity is determined by some factors.
Following are the factors affecting demand:
1- Price of the product
2- Price of the available substitutes in the market
3- What type of substitutes are available in the market
4- The types of complementary goods of this commodity
5- Weather conditions
6- Trend and fashion
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