Explanation:
Examples of determinants of demand are:
- The price of the good or service. - The nominal price of a good is its value in terms of money
- The income of buyers. - available to purchase a good
- The prices of related goods or services. - one of the other factors affecting demand
- The tastes or preferences of consumers. - the subjective (individual) tastes, as measured by utility, of various bundles of goods.
- Consumer expectations. -the feelings, needs, and ideas that customers have towards certain products or services
If you have any questions feel free to ask in the comments. - Mark
