explain in detail the determination of demand
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Explanation:
Determinants of Demand. When price changes, quantity demanded will change. That is a movement along the same demand curve. When factors other than price changes, demand curve will shift.
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Explanation:
Determinants of Demand. When price changes, quantity demanded will change. That is a movement along the same demand curve. When factors other than price changes, demand curve will shift.
The price of the good or service. The income of buyers. The prices of related goods or services—either complementary and purchased along with a particular item, or substitutes and bought instead of a product. The tastes or preferences of consumers will drive demand.
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