Outline four reasons that may have led to the change in quantities demanded of commodity X in the market as shown in the schedule below

Outline four reasons that may have led to the change in quantities demanded of commodity X in the market as shown in the schedule below.

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- Decrease in consumer’s income

- Consumers may have expected a further decrease in prices

- There might have been decrease in the general population

- Government may have increased the taxation on that commodity

- Consumers may have developed a dislike to the commodity i.e. of fashion

- There might have been increase in the price of complimentary goods

- There might have been a decrease in the price of substitute to the commodity

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marto answered the question on September 25, 2019 at 09:27

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