Price is one of the main factors that determine demand. Generally, as the price increases, the quantity demanded decreases, and vice versa. However, for some products, such as luxury products, as the price increases, demand may also increase.
Consumer income
The level of consumer income has a significant impact on demand. As colombia consumer mobile number list income increases, consumers are more likely to buy more expensive goods and services.
Changes in consumer preferences and tastes can significantly affect demand. Trends, fashion and advertising play an important role in shaping these preferences.
Number of consumers in the market
The greater the number of consumers in the market, the higher the demand for goods and services. This is due to the increase in the total population and the growth of purchasing power.
Economic situation
Economic stability and growth have a positive effect on consumer demand. During a crisis, demand can decline significantly as consumers become more cautious in their spending.
consumer demand
Methods of consumer demand analysis
Surveys and questionnaires