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What affects demand?
Demand depends on a lot of factors. The price, income of consumer, price of other goods, the price of the complimentary goods, the seasonal factor (in certain cases), advertising, trends and fashion,...
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How does legislation affect supply and demand?
Some things may be banned, or supplied free by Government. More usually supply and demand are manipulated by taxation policies.
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How does tax affect supply or demand?
Producers, distributors and consumers pay it, so it raises the cost of the final product, lessening the appeal of the item as some can't afford it and others who can afford it still opt for a lower...
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How does price affect demand and supply?
Price does not often affect demand and supply. This is a cause and affect relationship. The affected is usually the price. Demand and supply are the cause. As demand for a certain item goes up, the...
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How do consumers tastes affect demand?
If people's taste shift away from good, demand curve will shift left, if people prefer a good more, demand shifts right.