Daffodil International University
Faculties and Departments => Business & Entrepreneurship => Topic started by: Md. Alamgir Hossan on April 03, 2017, 05:04:25 PM
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There are five determinant of demand. And they are:
1. The price of the good or service.
2. Prices of related goods or services. These are either complementary (purchased along with) or substitutes (purchased instead of).
3. Income of buyers.
4. Tastes or preferences of consumers.
5. Expectations. These are usually about whether the price will go up.