Determinants of demand
Availability and price of related goods: decrease in demand for one good as price falls for another (a substitutable good)
Demand for a good decreases as price of a related good increases (a complementary good)
Taste: demand increases and decreases because of social factors
Expectations: demand increases and decreases because of our assumptions about our future income
Number of buyers: demand increases as more buyers want the same good leading to price increases
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