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

a

Supply of the commodity

b

Availability of the substitutes

c

Price of the commodity

d

Technical know-how

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Explanation

Correct Option
c

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Discussions (6)

colikstan
3 years ago

Correct answer is B
Price can't affect change in demand

klickinstitute
3 years ago

The correct answer is B. availabilty of substitute goods provides changes in the price of related goods or other commodities. it is a technical question.... C is wrong because change in price of the commodity leads to change in quantity demanded while technical know how or technological advancement is a determinant factor of supply and not demand.

if you guys can't make corrections in this app,vbetter close this app😡😒😞

is Change in quantity demand that price usually affect I think the answer is wrong

johnlawrence
9 years ago

exactly..the only factor affecting the change in quantity demanded is price of the commodity..so the answer should be technical know-how

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