Explain the determinants of Demand. - Biz Stack

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Saturday, February 3, 2018

Explain the determinants of Demand.

The determinants of Demand is given below:
  1. Tastes and preferences of the consumers.
  2. Income of the people.
  3. Changes in the prices of the related goods.
  4. The number of consumer in the market.
  5. Changes in propensity to consume.
  6. Consumer expectation with regard to future price.
  7. Income distribution.

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