Define demand Explain the factors affecting demadn by an individual co – InterviewSolution

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1.	Define demand Explain the factors affecting demadn by an individual consumer.
Answer» Demand is the desire to buy a commodity backed with sufficient purchasing power and the willingness to pay. 1. Price of the Given Commodity: 2. Tastes and Preferences. 3. Income of the consumer. 4. Number of consumers in the market. 5. Expectation of future prices. 6. Price of related goods.

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