What are the factors that affect demand in economics?

Answer by  Christian9247 (5042)

Some factors which affect the demand within economics are supply and demand. If the supply is up then the demand is always low cause whatever if needed is always around. If the supply is low then the demand is up. Along with this, money plays a large role.

Answer by  tamarawilhite (17883)

Growing population, shortages of necessities, need for product to manufacture necessities and consumer desire for an item drive demand. Government edicts can also generate demand artificially, such as the federal government filling the strategic oil reserve, raising demand for gas and thus the price.