Economy, asked by RahulTG7613, 1 year ago

Demand and its determinants along with case studies

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Answered by Dhaval1234
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The demand for a product decreases with increase in its price, while other factors are constant, and vice versa. For example, consumers prefer to purchase a product in a large quantity when the price of the product is less. ... INCOME OF THE CONSUMER Constitutes one of the important determinants of demand.
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