law of demand: the higher the price the lower the demand for the product and vise versa
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a nonprice factor that influences the amount of demand for a good or service
1. Disposable income 2. Credit availability3. Stock of liquid assets in the hands of consumers4. Stock of durable goods in the hands of consumers5. Keeping up with the Joneses6. Consumer...
Price is not a determinant of demand.This is because it only determines the quantities to be demanded not the demand itself.