What influences supply and demand in the market?

Supply and demand are influenced by the following factors: the price of raw materials, the wages of workers, fixed costs in the form of utility costs such as water and electricity, the interest rate on loans and savings in the bank, the amount of taxes, the number of government projects. Goods and services are produced according to the manufacturer’s cost + profit scheme. If the price is too high, then fewer people will be willing to buy this service. If people have money on hand, then they have a choice of how to deal with the money: put it in the bank or spend and buy now.