Factors Affecting Demand

Factors Affecting Demand

Demand is the number of goods that a customer is ready and able to buy at several prices during a given time frame. Demand for goods or services decreases or increases due to several factors. Preferences, prices, and other substitute products are a few factors that affect the demand curve of a product. Today we will discuss the five major factors affecting demand curve mostly. Price of a commodity- This is the first and the most important factor affecting the demand for a product. This relation between the price and…

Read More