Supply and Demand

Supply and Demand

Product

Tea

Factors that would change the demand for your product

The demand of a given product can be changed by several factors. Two of them are discussed below

The taste and preferences of consumers

Changing preferences and tastes can have an important effect on the demand of any product. There are many things that can change an individual's preference or taste that cause people to want to buy less or more of a product. For e.g. if my product comes in the market with a blend of new taste and quality then it might change the taste of the consumers ...