Economy, asked by jaggu2501, 8 hours ago

What factors are required for an item to generate demand?

Answers

Answered by vinaysekhar25
0

Answer:

What factors determine demand for a product?

The demand for a product will be influenced by several factors:

Price. Usually viewed as the most important factor that affects demand. ...

Income levels. ...

Consumer tastes and preferences. ...

Competition. ...

Fashions.

Explanation:

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