distinguish between I divdiual demand and market demand.
Answers
Answer:
Individual demand is influenced by an individual's age, sex, income, habits, expectations and the prices of competing goods in the marketplace. Market demand is influenced by the same factors, but on a broader scale – the taste, habits and expectations of a community and so on.
Answer:
Distinguish between Individual demand and Market demand.
Solution.
Basis of Difference Individual demand Market demand.
Represents It represents the quantities demanded, at different prices, by an individual. It represents the aggregate quantities demanded at different prices, by all the consumers.ts It represents the quantities demanded, at different prices, by an individual. It represents the aggregate quantities demanded at different prices, by all the consumers.