Question

what are the differences between individual demand and market demand​

Answer 1

Individual demand is influenced by an individual's age, sex, income, habits, expectations and the prices of competing goods in the marketplace. Market demand is influenced by the same factors, but on a broader scale – the taste, habits and expectations of a community and so on.

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Answer 2

Individual demand is influenced by an individual's age, gender, income, habits, expectations and the prices of competing goods in the marketplace.

Market demand is influenced by the same factors, but on a broader scale – the taste, habits and expectations of a community and so on.