Determination of the Demand for a commodity Assignment Help

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Determination (Shifters) of the Demand for a commodity:

In economics, the determinants of demand refer to the shifters of the demand curve. The quantity demanded of a commodity, however, is affected by the own price of the commodity. For most commodities, when the price falls, more of it is purchased whilst when the price rises, lesser quantity than before is purchased, all other demand influencing factors remaining unchanged.

Under the determinants of demand, we will focus on those factors that collectively determine the position of the demand curve in price- quantity demanded space.

Consumer Expectations and Consumer Taste Consumer Income
Natural Factors and Availability of credit Population of Consumers
Prices of Related Goods
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