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Define individual and market demand.​

Define individual and market demand.​
asked 225k views
1 vote
Define individual and market demand.​

asked
User Flash Thunder
by
8.1k points

1 Answer

4 votes

Answer:

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.

answered
User Peter Diakumis
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