Demand and Supply Factors

Supply

Subtopic

Prices of related goods

Substitutes:
There are different stores in AMK selling ice-creams as well.

Income

Normal good:
Singaporeans will be able to afford the yogurt ice cream

Increase in demand

Tastes and Preferences

Consumption of yogurt benefits one's health

Consumers will be more drawn to buy yogurt ice cream

Increase in demand

Population

More people will know of the yogurt ice cream store

Number of consumers will increase

Increase in demand