Results (
Thai) 1:
[Copy]Copied!
1) Tastes and preferences of the consumer:Tastes include fashion, habit, customs etc. A good for which consumers tastes and preferences are greater claim higher demand. Thus the demand curve lies at a higher level. With the change in consumer's taste and preference for particular commodity the demand for that commodity declines.If the taste goes up its amount demanded becomes high even at a high price. Those goods which go out of fashion of people no longer remains attractive to them. So the demand for them decreases.
Being translated, please wait..
