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What are the three important elements to consider when defining demand and supply?​
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21 votes
21 votes
What are the three important elements to consider when defining demand and supply?​

User Michael Bahig
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1 Answer

28 votes
28 votes

Answer:

Price Fluctuations. Price fluctuations are a strong factor affecting supply and demand. ...

Income and Credit. Changes in income level and credit availability can affect supply and demand in a major way. ...

Availability of Alternatives or Competition. ...

Trends. ...

Commercial Advertising. ...

Seasons.

User Gorefest
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