Q. 115.0( 3 Votes )

Distinguish betwe

Answer :

Individual demand refers to the quantity of a good that a single consumer is willing to buy at a price during a period of time.

Market demand is the quantity of a good that all the consumers are willing to buy at a price during a period of time.


The factors that affects the individual demand are:


a) The price of the good.


b) The price of related goods


c) Income of the buyer


d) Tastes and preferences of the consumer


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

What will be the Economics - Board Papers

Distinguish betweEconomics - Board Papers

When does ‘changeEconomics - Board Papers

A consumer consumEconomics - Board Papers

Define utility. EEconomics - Board Papers

Define demand. NaEconomics - Board Papers

When does ‘changeEconomics - Board Papers