Individual demand is a demand by single buyer. (State whether the statement is TRUE or FALSE)
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true , because market demand is a demand by all the buyers
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Answer:
True
Explanation:
Individual demand is a demand by single buyer - True
An individual demand is the consumer's demand for a product. It reflects distinct amounts of a specific commodity that at a specific stage in moment a customer that is the single buyer is willing to buy at the different possible prices.
Thus, the individual demand relates to an individual's demand for a good or service that emerges from the interaction between the needs of an individual and the quantity of products and services that they can afford.
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