Determinant of demand...

Question

ohhh...please give me an answer i'm running out of ponts...waaaaaah

*wipes tears*

anyways...(^_^) can you guys tell me the determinant of demands..

our teacher said that input prices is not a determinant of demand? is he right? why? please explain.

╙thank you in advance to all who will answer me...

Answer 1

In general these determinants are:

1) Availability/prices of substitute goods,

2) Availability/prices of complementary goods,

3) Utility from good

4) Disposable income (ability to pay for product),

5) Price of a product.

Input prices are determinants of supply but not demand, so your teacher is right.