explain discriminant of demands
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Answer:
Some of the important determinants of demand are as follows,
Some of the important determinants of demand are as follows,1] Price of the Product.
Some of the important determinants of demand are as follows,1] Price of the Product. Browse more Topics under Theory Of Demand.
Some of the important determinants of demand are as follows,1] Price of the Product. Browse more Topics under Theory Of Demand. 2] Income of the Consumers.
Some of the important determinants of demand are as follows,1] Price of the Product. Browse more Topics under Theory Of Demand. 2] Income of the Consumers. 3] Prices of related goods or services.
Some of the important determinants of demand are as follows,1] Price of the Product. Browse more Topics under Theory Of Demand. 2] Income of the Consumers. 3] Prices of related goods or services. 4] Consumer Expectations.
Some of the important determinants of demand are as follows,1] Price of the Product. Browse more Topics under Theory Of Demand. 2] Income of the Consumers. 3] Prices of related goods or services. 4] Consumer Expectations. 5] Number of Buyers in the Market.
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Meaning And Determinants Of Demand
We have often heard the phrase ‘there is a huge demand for product XYZ in the market’. But what does this exactly mean? What constitutes the demand for a product in the economy? Let us learn about the concept of demand and the determinants of demand in a market.
What is Demand?
Demand in terms of economics may be explained as the consumers’ willingness and ability to purchase or consume a given item/good. Furthermore, the determinants of demand go a long way in explaining the demand for a particular good.