Q18. (a) Explain any two factors affecting individual 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 market demand curve will be the sum of all individual demand curves
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2
Explanation:
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 market demand curve will be the sum of all individual demand curves
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