The demand for a commodity may change without change in price but due to change in other factors. It is called rise and fall in demand. There may be change in demand due to change in population, change in taste of people, change in distribution or change in quantity of money.
- What is the equation of demand? - In its standard form a linear demand... (Read More)
- What is demand and supply with examples? - Examples of the Supply and Demand Concept... (Read More)
- Is market a demand? - Definition: Market demand describes the demand for... (Read More)
- What factors affect the demand curve? - Factors which can shift the demand curveIncome.... (Read More)