Question

Try this:
Identify the concepts of Demand analysis:
1) A poor person wants to have a car ....
2) A rich person bought a car ...... ​

Answer 1

There are two types of demand analysis that are individual demand and market demand.

Explanation:

• A poor person wants to have a car. This is individual demand.
• A rich person bought a car. This is the market demand.
• Individual demand is based on the demand for a product or service by a single consumer.
• While market demand refers to the demand of a product by all the customers.