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Key Factors Influencing Demand by Sanskaar Sharma is a document available to read on EtoBox.
Six factors other than price affect the quantity demanded of a good: 1. Tastes, which are influenced by advertising, fashion, observing others, and health considerations. 2. The number and prices of substitute goods - if substitutes increase in price, demand shifts to alternatives. 3. The number and prices of complementary goods - if complements increase in price, demand for both falls. 4. Income - demand increases for normal goods as income rises, but falls for inferior goods. 5. Income distribution - dem
- Author
- Sanskaar Sharma
- Language
- EN