Question #81394
discuss any five factors that could lead to an increase in the demand
Expert's answer
The five factors that could lead to an increase in demand are:
1) Change in consumer's income.
2) Change in price of related goods.
3) Change in tastes and preferences of consumers.
4) Change in consumer's expectations.
5) The number of consumers in the market
1) Change in consumer's income.
2) Change in price of related goods.
3) Change in tastes and preferences of consumers.
4) Change in consumer's expectations.
5) The number of consumers in the market
Learn more about our help with Assignments: Economics of Enterprise
