Name of the student Institution of Affliation Course code Course title Task THE FASHION INDUSTRY The consumer demand in this market is influenced by some key factors and among these are as follows ;( Smith, 1962) Type of market Income levels of the consumer Inelasticity of the demand Price level of the commodity Utility derived from the use of the commodity Taste and preference for the fashion. The above factors affect the supply and the demand for the fashion commodity….
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