CSEC Social Studies · 2007 · Paper 2 · Question 8

Essay topic: Factors that influence consumers' demand for goods and services

Write an essay on 'Factors that influence consumers' demand for goods and services'. Define 'demand'; state FOUR factors influencing consumers' demand for goods and services; give THREE reasons for price increases of imported commodities; and suggest THREE questions consumers should ask before buying an item, explaining the importance of ONE.