English, asked by riyapampatwar, 1 month ago

Define Demand. Also state the determinants of Demand.​

Answers

Answered by aayushiahirwal
6

The five determinants of demand are: 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.

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Answered by mm4009067
0

Answer:

Demand : demands is an economic term that refers to the amount of product..

Determinates of demand :

The price of the good or service

The income of buyers

The taste or preference of consumers will drive demand

Consumer expectation

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