Question

Define Composite Demand. Clearly explain any three determinants of demand in a market.​

Answer 1

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Answer:We defined demand as the amount of some product that a consumer is willing and able to purchase at each price. ... Finally, the size orcomposition of the population can affectdemand.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.

Answer 2

Answer:

An increase in demand for one use leads to a fall in supply for another use...