Discuss three instances when demand will increase. – InterviewSolution

1.

Discuss three instances when demand will increase.

Answer»

Instances when demand will increase :

(i) Increase in the price of the goods increased the quantity demanded of the goods.

(ii) Increase in income will increased in demand of normal goods.

(iii) Change in tastes of liking goods increases the demand of that goods.

(iv) Expectations of buyers of increase in income or prices in the future will increase in demand.

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