Define Demand. Also state the determinants of Demand.
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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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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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