What is demand function what are the factors determine the demand for a goods?

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asked Dec 13, 2022 214k views

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Pi · Answer 1 · 2022-12-18T16:53:21+0000

Answer:

The quantity demanded (qD) is a function of five factors—price, buyer income, the price of related goods, consumer tastes, and any consumer expectations of future supply and price. As these factors change, so too does the quantity demanded.

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What is demand function what are the factors determine the demand for a goods?

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