Demand is a powerful force in a free market.

In three to four sentences, explain some of the factors that cause changes in demand and why it is important for consumers to understand these changes.

Question

Demand is a powerful force in a free market.

In three to four sentences, explain some of the factors that cause changes in demand and why it is important for consumers to understand these changes.

Warriorz13 · Answer

@JustSaiyan

JustSaiyan · Answer

I would say product quality, product price, and product availability. If you don't want to leave your house, you are going to want to get something that is available online, and if what you want is only available in-store, that will shift the demand for that item. Likewise for if you don't like to shop online. Then of course there is the number of how many said items are in stock. A high demand means it's very likely that it will sell out soon, and the consumer must think ahead.