Question

factors determining individual demand​

Answer 1

Top 6 Factors on which an Individual Demand Depends

Factor # 1. Price of the Commodity: ...

Factor # 2. Income of the Purchaser: ...

Factor # 3. Person's Taste's and Habits: ...

Factor # 4. Substitutes and Complementary Products and their Relative Prices: ...

Factor # 5. Consumer's Expectation About the Future Change in Price: ...

Factor # 6. Effects of Advertisement and Sales Propaganda:

Answer 2

Explanation:

1) Price... usually viewed as the most important factor that affects demand.

2) Income levels...

3) Buyer's tastes and preferences

4) competition....

5) Fashion...

6) The number of buyers (population) ...

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