Explain determinants of demand.
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The five determinants of demand are: The price of the good or service. Income of buyers. Prices of related goods or services.
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As per the question
Determinants of Demand :
Demand : Individual demand ad market demand ,Total market demand and market segments demand, Derived Demand and direct demand, Industry demand and company demand, Short - Run Demand and Long Run Demand, Price demand, Income demand, cross demand
Determinants :
Price of the product, price of related goods, Consumer income, Consumer tastes and preference , advertisement expenditure, consumer exceptions, Demonstration effect Population of the country
Distribution national income
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