Question

which of the following option is pointers to add demand for one product as a consequences of demand for a parent product​

Answer 1

Following are the determinants of demand for a product:

i. Price of a Product or Service:

ii). Income :

The relationship between the income of a consumer and each of these goods is explained as follows:

a. Essential or Basic Consumer Goods:

b. normal goods :

c. inferior goods :

d. luxury goods :

iii. Tastes and Preferences of Consumers:

(Play a major role in influencing the individual.)

Answer 2

Explanation:

The question statement is incomplete as it does not give the options based on which a selection has to be made.

However, the demand of a product depends on product usage and type. Also if this product comes under basic living then it will be a regular use product, and any shortage will drastically increase its demand. Price is also one factor, if people have various prices range for a certain product then they might offer several of these