5. Price
24 34
Price is one of the important
factor that affect demand.
When Price rises demand
Falls and price falls demand
rises.
There is a inverse
relationship between price
and quantity demanded.
6. Income
10,000 30,000
Like price, income also affect
demand.
When Income of person is
more his/her demand is also
more and vice-Versa
There is a direct relationship
between price and quantity
demanded.
8. Advertisement
The goods which are
advertised powerfully on,
radio, television and
newspapers etc., push up
demand.
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9. Climate Condition
Demand for a commodity may
change due to a change in
climatic conditions.
e.g. During summer, demand for
cool drinks, cotton clothes and
air conditioners will increase In
winter, demand for woollen
clothes increases
10. Other Factor’s :
Change in any taxation policy,
taste, habit, fashion, traditions,
political and social factors also
influences demand.