What Are the 5 Determinants of Demand?

Answer

Demand, in economic terms, is the willingness of a consumer to purchase a good or service at a certain price. There are many determinants that effect demand. For example, 5 of these determinants are tastes or preferences, population, the price of related goods, consumer expectations, and the good's own price.
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Q&A Related to "What Are the 5 Determinants of Demand?"
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