Question

8. Individual demand is​

Answer 1

Answer:

Individual demand refers to the demand for a good or a service by an individual (or a household). Individual demand comes from the interaction of an individual's desires with the quantities of goods and services that he or she is able to afford. By desires, we mean the likes and dislikes of an individual.

Answer 2

Difference Between Individual Demand and Market Demand

individual-demand-vs-market-demandBased on the number of consumers, demand is classified as individual demand and market demand. Individual demand implies, the quantity of good or service demanded by an individual household, at a given price and at a given period of time. For example, the quantity of detergent purchased by an individual household, in a month, is termed as individual demand.