Which Factor Do Affect The Demand Of Particular Product?

There are different factors which impact the demand of a particular product. The major factor is the price of the product. When price increases, the demand of the product decreases and vice versa. The second factor is the income of the buyers. For a normal good, income increases the demand of the product. Third factor is the number of buyers which also increase the demand of the product. Fourth factor which impact the demand of the product is the price of different substitutes. The increase in the prices of the substitute products increases the demand of the related products. Moreover, tastes, expectations and quality of the products also impact the demand of the product.