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The phrase "affects demand" is correct and usable in written English.
You can use it when discussing how various factors influence consumer demand for a product or service.
Example: "The recent increase in prices significantly affects demand for luxury goods."
Alternatives: "influences demand" or "impacts demand".
Exact(15)
But they should, because it affects demand for their business.
This will make it a good case study on how price affects demand.
Perceived corruption, however, affects demand for regulation primarily via a negative interaction effect with trust.
Results presented below show how PV generation affects demand on that system over the course of a summer day.
Enz has published numerous papers on whether and how price affects demand in major hotel markets across the globe.
A drop in disposable farm income affects demand for goods from soap to refrigerators, and has a ripple effect on the larger economy.
Similar(45)
The DTM dynamically reveals design attribute pattern that affects demands.
Supply can also affect demand.
Transparency will also affect demand.
This will affect demand for air transport.
We don't know if January's snow affected demand.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com