[Note: The distance between cities in California (US) distance chart below is straight line distance (may be called as flying or air distance) between the two locations in California (US) calculated based on their latitudes and longitudes. This distance may be very much different from the actual travel distance.]
Price of Related Goods: Demand for the given commodity is also affected by change in prices of the related goods. Related goods are of two types: (i) Substitute Goods: Substitute goods are those goods which can be used in place of one another for satisfaction of a particular want, like tea and coffee.
If the price of a substitute goes up, the demand for the good in question will go up (while the demand for the substitute declines). Second, changes in consumersâ income will affect the consumer's ability to buy, and thus their demand. Third, is a catch all category, which includes the preferences of the consumers.