Accessing product demand


Demand refers to quantities of a commodity that consumers are willing to buy at a given price and a certain period of time.

Demand is attended by factors such as the following:-

  1. Price of the commodity
  2. Changes in taste and preferences
  3. Changes in levels of consumer income
  4. Demographic changes (population)
  5. Prices of related commodities
  6. Government policies, regulations and directives

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