Basic Determinants of Demands
#1
04-29-2010, 11:54 AM
Basic Determinants of Demands
The basic determinants of demands are:
1. The consumer's taste or preferences
2. The number of consumers in the market
3. The consumer's income
4. The prices of related goods
5. The consumer's expectations about future prices and incomes.
1. The consumer's taste or preferences
2. The number of consumers in the market
3. The consumer's income
4. The prices of related goods
5. The consumer's expectations about future prices and incomes.
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