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2. According to the text, mention the things people take into account to
determine
the demand.
Tastes or preferences: Consumers may demand for an item one year and
ignore it the next.
Number of consumers: A large quantity of buyers carries to an increase in
demand; a small quantity of buyers carries to a decrease.
Income: When income rises, the quantity demanded will rise too. When
income falls, the demand of that product will fall too
Consumer expectations: Purchasers are interested in satisfying their
consumption regarding quality as the most important factor. Likewise, the lead
price has an effect on the potential increase of the consumer´s final decision.
Price of related godos: There are two kinds of related goods that can affect
the demand: substitutes and complementary