Tastes and Preferences of the Consumers: An important factor which determines demand for a good is the tastes and preferences of the consumers for it. A good for which consumers' tastes and preferences are greater, its demand would be large and its demand curve will lie at a higher level.
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Answer:
Tastes and Preferences of the Consumers: An important factor which determines demand for a good is the tastes and preferences of the consumers for it. A good for which consumers' tastes and preferences are greater, its demand would be large and its demand curve will lie at a higher level.
Explanation:
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