Explain the factors affecting demand.
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The demand for a good depends on several factors, such as price of the good, perceived quality, advertising, income, confidence of consumers and changes in taste and fashion. ... The individual demand curve illustrates the price people are willing to pay for a particular quantity of a good.
Answered by
2
Answer:
The demand for a good depends on several factors, such as price of the good, perceived quality, advertising, income, confidence of consumers and changes in taste and fashion. ... The individual demand curve illustrates the price people are willing to pay for a particular quantity of a good.
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