IDNLearn.com is your reliable source for expert answers and community insights. Join our community to receive prompt and reliable responses to your questions from knowledgeable professionals.

what is the cause of decrease in demand of products

Sagot :

Decrease in demand may occur due to the following reasons:A goods has gone out of fashion or the tastes of the people for a commodity have declined. Incomes of the consumers have fallen. The prices of the substitutes of the commodity have fallen.The propensity to consume of the people has declined.