Determinants Of Demand Definition Top 10 Determinants
What are the Determinants of Demand? Top 10 Determinants of Demand for an Economy #1 – The Prices of Goods or Services When the price of goods and services rises, the quantity demanded falls. When the price of goods and services falls, the quantity demanded will increase. It is also called the Law of Demand Law Of DemandThe Law of Demand is an economic concept that states that the prices of goods or services and the quantity demanded are inversely related when all other factors remain constant....