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

2040 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

How is the market equilibrium determined?


What is the difference between a contractionary and expansionary fiscal policy?


Explain what a balance of trade deficit is


What is are economies of scale?


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