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DETERMINANTS:

               DEMAND


                   •  PRICE OF GOOD ITSELF
                   •  PRICE OF OTHER GOODS

                   •  BUYER’S INCOME

                   •  TASTE OF BUYERS
                   •  NUMBER OF POPULATIONS




               SUPPLY

                   •  PRICE OF GOOD ITSELF

                   •  NUMBER OF SELLERS
                   •  TECHNOLOGY

                   •  TAXES AND SUBSIDIES




               CURVE

               DEMAND CURVE


                    P
                                                SLOPE DOWNWARDS –
                                                (-VE RELATIONSHIP)






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