What are the factors affecting demand of a commodity?

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DATE: Sept. 21, 2016, 1:34 p.m.

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  1. What are the factors affecting demand of a commodity?
  3. -Price of good (Px)
  4. -Consumer income (Y)
  5. -Price of related commodities/goods (Pr)
  6. -Consumer taste and preference (T)
  7. -Consumer expectations about future prices (E)
  8. -Advertisement (A)
  9. -Other factors (Z)
  11. d x = f (p x, p r, Y, T, E, A, Z)
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