One of the factors affecting change in demand for a commodity is the _______?

Price of the commodity is one of the factors affecting change in demand for a commodity. This means that when the price of a commodity increases, the demand for it may decrease, and when the price decreases, the demand for it may increase. People are more likely to buy a product if it is cheaper and less likely to buy it if it is more expensive. In other words, the amount of a commodity that consumers are willing and able to purchase is largely influenced by its price.