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List four factors that will lower demand of a commodity.

List four factors that will lower demand of a commodity.

Answers


Martin
-High price of commodity.

- Taxation.

- Expected decrease in price of the commodity.

- Advertisement reduction.

- Decrease in population size.

- Reduced income of consumers / inflation.

- Lower tastes and preferences by consumer / reduced fashion of commodity.

- When price of substitute decreases.
marto answered the question on November 6, 2019 at 10:31

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