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One of the factors affecting change in demand for a commodity is the _______?

One of the factors affecting change in demand for a commodity is the _______?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Supply of the commodity
  • B Availability of the substitutes
  • C Price of the commodity
  • D Technical know-how
Correct Answer: Option C
Explanation:
Tastes and Preferences of the Consumers
Income of the People:

Changes in Prices of the Related Goods

Advertisement Expenditure:
The Number of Consumers in the Market
Consumers' Expectations with Regard to Future Prices

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