5 types of demand and explain 1

Social Studies

1 answer:

UkoKoshka [18]3 years ago

3 0

Answer:

1. Individual and Market Demand:

2. Organization and Industry Demand:

3. Autonomous and Derived Demand:

4. Demand for Durable Goods:

5. Short and Long-term Demand:

Explanation:

I'll explain the first, individual and market demand. It's determined based on the number of consumers in the market for that particular product or service. The individual demand for something is based on the price of that kind of product, the income of the people who would buy the product and their preferences. Market demand is the combined demands of all individuals for that product. :)

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