By in Random

factor that affects the demand of a commodity

Demand refers to the ability and willingness of a buy a certain products at given price over a given period of time. There several factors that affect the demand of commodity and here are some of them. The price of commodity under consideration, when the price is high the demand will low, while if the price is low the demand will be high. The price of related commodities can related either as substitute or complement.When the price of substitute is high then the demand of commodity under consideration will be high and vise versa .complementary goods are those good that must be used together and therefore if the price of complement is high then the demand will be low, for example a car and pertol .

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carolyn wrote on January 19, 2015, 6:54 AM

I am often looking for products that are no longer available. I suppose this is because the product is out of fashion.