There are different factors that can affect the demand of a

There are different factors that can affect the demand of a product. One of these factors is out-of-pocket price, and how the other exogenous factors that will affect demand.Four of these factors are income, prices of related goods and services, tastes, and expectations

class Economics of heath and Medical care

Solution

The demand of a particular product or service is influenced by various factors like the income, price of the related goods or service, expectations, tastes etc. if the income of the population of a particula market is high then the demand will also be high. if the income of the population reduces the buying potential also reduces and it will affect the demand of the product. if the particular product or service is not as per the expectation of th customer, then also the demand decreases.