Consider the followings:
1. Price of the commodity
2. Income of the consumer
3. Prices of related goods
4. Taste and preferences of the consume
Which of the above factors affects an individual's demand for a commodity?
1
1 and 4 only
2
2, 3 and 4 only
3
1, 2 and 3 only
4
1, 2, 3 and 4