What are the determinants of demand
What are the determinants of demand?
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The fundamental determinant of demand is the price of the commodity under consideration: a change in price causes movement along the commodity’s demand curve. This movement is called a change in quantity demanded. Decline price leads to association down the demand curve: There is an increase in quantity demanded. Increased price leads to movement up the demand curve: There is a decrease in quantity demanded.
Distinguish between a change in demand and a change in the quantity demanded?
with the aim of diagrams show the difference between A change in demand and A change in quantity demand
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Define Direct and inverse relationships?
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