A. Supply of the commodity
B. Availability of the substitutes
C. Price of the commodity
D. Technical know-how
Correct Answer:
Option C – Price of the commodity
Explanation
- Tastes and Preferences of the Consumers
- Income of the People:
- Changes in Prices of the Related Goods
- Advertisement Expenditure:
- The Number of Consumers in the Market
- Consumers’ Expectations with Regard to Future Prices