Which are the key deciding factors of Demand?Name them and explain eac

1.	Which are the key deciding factors of Demand?Name them and explain each factor
Answer» The quantity demanded (qD) is a function of five factors—price, buyer\xa0income, the price of related goods, consumer tastes, and any consumer expectations of future supply and price.\xa0The law of\xa0demand\xa0states that, if all other\xa0factors\xa0remain equal, the higher the price of a good, the less people will\xa0demand\xa0that good. ... This means that the higher the price, the higher the quantity supplied. Producers\xa0supply\xa0more at a higher price because selling a higher quantity at a higher price increases revenue. The\xa0demand\xa0for a good depends on several\xa0factors, such as price of the good, perceived quality, advertising, income, confidence of consumers and changes in taste and fashion. ... It shows the quantity of a good consumers plan to buy at different prices

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