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Outline four factors which influences the demand of a commodity in the market

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a) Price of the commodity
b) Income of consumers - wages, salaries (disposable income)
c) Tastes and preferences of consumers = changes in favor of a commodity
d) Population – high population – master
e) Prices of substitute commodities – used inter changeably
f) Price expectations

jim items answered the question on September 24, 2018 at 16:07

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Outline four factors which influences the demand of a commodity in the market

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