Changes in Income, Population, or Preferences
Completion requirements
Now that you understand that demand represents the quantity of a good or
service, consumers are willing and able to buy at each price (quantity
demanded is the dependent variable reacting to changes in the
independent variable – price), we can delve deeper into the factors
influencing changes in demand for a product or service.
Source: Khan Academy, https://youtu.be/zXYOfgzdlPs
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Last modified: Wednesday, November 15, 2023, 3:43 PM