Question

Briefly Explain the determination of individual demand for a commodity​

Answer 1

Answer:

It says that the quantity demanded of a product is a function of five factors: price, income of the buyer, the price of related goods, the tastes of the consumer, and any expectation the consumer has of future supply, prices, etc.

Explanation:

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Answer 2

$\huge \mathbf \purple{Individual \: \: demand \: \: schedule }$

Individual demand schedule refers to a tabular statement showing various quantities of a commodity that a consumer is willing to buy at various levels of price, during a given period of time.

Individual demand schedule refers to a tabular statement showing various quantities of a commodity that a consumer is willing to buy at various levels of price, during a given period of time.The price of the good or service.

Individual demand schedule refers to a tabular statement showing various quantities of a commodity that a consumer is willing to buy at various levels of price, during a given period of time.The price of the good or service.The income of buyers.

Individual demand schedule refers to a tabular statement showing various quantities of a commodity that a consumer is willing to buy at various levels of price, during a given period of time.The price of the good or service.The income of buyers.The prices of related goods or services—either complementary and purchased along with a particular item, or substitutes and bought instead of a product.

Individual demand schedule refers to a tabular statement showing various quantities of a commodity that a consumer is willing to buy at various levels of price, during a given period of time.The price of the good or service.The income of buyers.The prices of related goods or services—either complementary and purchased along with a particular item, or substitutes and bought instead of a product.The tastes or preferences of consumers will drive demand.