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So Today we will
learn about
Demand
Demand
01
Desire
02
Ability to
Pay
03
Willingness to
purchase
Various Factor
affecting
Demand…
Price
24 34
 Price is one of the important
factor that affect demand.
 When Price rises demand
Falls and price falls demand
rises.
 There is a inverse
relationship between price
and quantity demanded.
Income
10,000 30,000
 Like price, income also affect
demand.
 When Income of person is
more his/her demand is also
more and vice-Versa
 There is a direct relationship
between price and quantity
demanded.
Population
Goa Uttar
Pradesh
An increase in population
leads to an increase in
market demand for goods &
services.
Advertisement
The goods which are
advertised powerfully on,
radio, television and
newspapers etc., push up
demand.
Advertisement
Climate Condition
 Demand for a commodity may
change due to a change in
climatic conditions.
 e.g. During summer, demand for
cool drinks, cotton clothes and
air conditioners will increase In
winter, demand for woollen
clothes increases
Other Factor’s :
 Change in any taxation policy,
taste, habit, fashion, traditions,
political and social factors also
influences demand.
Factor's
affecting
Demand
1.
Price
2.
Income
3.
Population
4.
Advertisement
5.
Climate
Condition
6.
Other
Factor
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demand.pptx