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Answer:
Income: How much consumers have to spend.
Consumer preferences: What types of products are popular at any given moment.
Buyer expectations: Does the consumer expect the price to rise in the future, perhaps due to limited supply?
Price: How much does the good or service cost?
Prices of related items: Are there any substitute goods or services of similar value that cost a lot less?
A change in demand occurs when appetite for goods and services shifts, even though prices remain constant. When the economy is flourishing and incomes are rising, consumers could feasibly purchase more of everything. Prices will remain the same, at least in the short-term, while the quantity sold increases.
Explanation:
A change in demand describes a shift in consumer desire to purchase a particular good or service, irrespective of a variation in its price. The change could be triggered by a shift in income levels, consumer tastes, or a different price being charged for a related product