determinants of the demand of goods and services

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7 Terms

1
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define demand

demand is the quantity of a good or service that consumers are willing and able to buy at a given price

generally lower price higher demand because it is more affordable

2
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How does population affect demand

3
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how does income affect demand

4
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how does related goods (substitutes or complements) affect demand?

5
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how does advertising affect demand?

6
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how does taste and fashion affect demand?

7
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how does weather affect demand?