4. Identify the five factors that can cause a change in market demand

market-demand

#1

Identify the five factors that can cause a change in market demand.

Answer:

changes in market size
changes in tastes and preferences
price of substitute goods
price of complimentary goods
changes in consumers’ incomes

(also future expectations, but if your book is only looking for 5, its probably those 5. wouldn’t hurt to add the 6th though)