State any 3 factors that cause an 'increase' in demand of a commodity OR Give any three factors that can cause a rightwardshift of demand curve.

State any 3 factors that cause an 'increase' in demand of a commodity

1.	State any 3 factors that cause an 'increase' in demand of a commodity OR Give any three factors that can cause a rightwardshift of demand curve.
Answer» Solution :Three FACTORS that can resultin an increase in demand for a commodity are : (i) An increase in price of substitute good. (ii) A FALL in price of COMPLEMENTARY good. (iii) A favourable CHANGE in tastes and PREFERENCES of the consumer.