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Affecting Demand Essay Topics & Paper Examples

Factors Affecting Demand and Supply

Apart from price, there are many factors that affect demand and supply of goods and services in the market (Handerson, 31). Demand is the quantity of goods and services that a consumer is willing to purchase for his or her own consumption. While supply is the quantity of goods and services a seller is willing and able to supply for sell to the market (BasicEconomics. info). In every market environment, demand and supply are so intertwined and also related in a way that, demand is for consumers and supply is for suppliers. There are specific factors that affect demand, and others affecting supply of goods and services in the market. The main factor that motivates demand is the choices that…