What is individual demand? define
Answers
Answered by
1
Answer:
Individual demand refers to the demand for a good or a service by an individual (or a household). Individual demand comes from the interaction of an individual's desires with the quantities of goods and services that he or she is able to afford.
Answered by
1
Individual demand is influenced by an individual's age, income, habits, expectations and the prices of competing goods in the marketplace.
Similar questions