Factors that affect the demand of a good or service?

To remember some of the factors that affect the demand of a good or service, just learn the mnemonic PIPCA:Price (of the product)Income Price of substitutes Consumer tasteAdvertisement

MN
Answered by Maria N. Economics tutor

2063 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Why is the demand for food relatively price inelastic?


What are some disadvantages of using GDP as a measure of living standards?


What is the PPF curve and what would cause it to shift?


What is the law of demand?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning