what are the important of role for the persons other than income .
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as much as i can understand ur que.its answer is..own price of commodity.. price of related goods...income of consumer... taste and preference of consumer... future expectancy... and these are the determinants of demand.
In which leaving own price of commodity all the factors are related to the consumer...
And also he helps in affecting the demand by judging the product through its price and quality.... snob goods nd giffen goods but these three are the exceptions of demand.
hope so u understand..:)
In which leaving own price of commodity all the factors are related to the consumer...
And also he helps in affecting the demand by judging the product through its price and quality.... snob goods nd giffen goods but these three are the exceptions of demand.
hope so u understand..:)
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