An Overview of Factors Affecting Demand
This post will help you learn about the factors affecting the demand curve, as part of your Prelim Economics course. There are several factors that influence how the demand curve shifts and changes. Some of these include:
- Price;
- Income;
- Population;
- Tastes;
- Price of substitutes and complements; and
- Expected future prices.
This video below looks at these factors in more detail.
