One of the factors affecting change in demand for a commodity is the _______?

  • A Supply of the commodity
  • B Availability of the substitutes
  • C Price of the commodity
  • D Technical know-how

The correct answer is C. Price of the commodity

Tastes and Preferences of the Consumers

Income of the People:

Changes in Prices of the Related Goods

Advertisement Expenditure: 

The Number of Consumers in the Market

Consumers' Expectations with Regard to Future Prices

Previous question Next question