individual demand is an aggregate of purchasing by -------------buyer??
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Individual demand is an aggregate of purchasing by individual buyer.
Explanation:
- Individual demand function refers to the functional relationship between an individual consumer's demand and the factors influencing that demand.
- It demonstrates how an individual's demand in the market is tied to its determinants and the amounts of goods and services that he or she can buy.
- Individual demand, for example, is the amount of detergent purchased by a single household in a given month.
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