Define demand. Explain various factors affecting of demand. explain in detail
Answers
Explanation:
The demand for a good depends on several factors, such as price of the good, perceived quality, advertising, income, confidence of consumers and changes in taste and fashion. ... The individual demand curve illustrates the price people are willing to pay for a particular quantity of a good.
Answer:
The demand for a good depends on several factors, such as price of the good, perceived quality, advertising, income, confidence of consumers and changes in taste and fashion
We can look at either an individual demand curve or the total demand in the economy.
The individual demand curve illustrates the price people are willing to pay for a particular quantity of a good.
The market demand curve will be the sum of all individual demand curves. It shows the quantity of a good consumers plan to buy at different prices.