Individual demand is the demand of one unit i.e. individual person etc.And market demand is the collection of individual demand i.e the sum total of all individual unitsHOPE U GOT IT!!!EVEN IF YOU STILL HAVE ANY DOUBT THEN FEEL FREE TO ASK...

Individual Demand:
Individual demand refers to the quantity of a particular good or service that an individual consumer is willing and able to purchase at different price levels, holding all other factors constant. It represents the demand curve of an individual consumer.

Factors Affecting Individual Demand:
The individual demand for a product is influenced by various factors, including:

1. Price: The most significant factor affecting individual demand is the price of the product. Generally, as the price of a product decreases, the quantity demanded by an individual consumer increases, and vice versa, assuming all other factors remain constant.

2. Income: The income level of an individual consumer also impacts their demand for a particular product. As income increases, consumers typically have more purchasing power and can afford to buy more of a product, leading to an increase in demand. Conversely, a decrease in income may result in a decrease in demand.

3. Tastes and Preferences: Individual demand is shaped by the tastes, preferences, and personal choices of consumers. Different consumers have different preferences for goods and services, and these preferences can influence their demand for a particular product.

4. Price of Related Goods: The price of related goods, such as substitutes and complements, can affect individual demand. If the price of a substitute good decreases, the demand for the original product may decrease. On the other hand, if the price of a complement good increases, the demand for the original product may decrease.

5. Consumer Expectations: Individual demand can also be influenced by consumer expectations regarding future price changes, income levels, or availability of the product. For example, if consumers anticipate a future price increase, they may increase their current demand to avoid paying more later.

Market Demand:
Market demand refers to the total quantity of a particular good or service that all consumers in a market are willing and able to purchase at different price levels, holding all other factors constant. It is obtained by summing up the individual demand of all consumers in the market.

Determining Market Demand:
To determine market demand, the individual demand curves of all consumers in the market are aggregated horizontally. This means that at each price level, the quantity demanded by each individual consumer is added up to find the total market demand.

Factors Affecting Market Demand:
The factors influencing market demand are similar to those affecting individual demand. However, they are considered on a larger scale as they affect all consumers in the market. Some key factors include:

1. Population Size: The total population size of a market can have a significant impact on market demand. A larger population generally leads to higher market demand, assuming other factors remain constant.

2. Income Distribution: The distribution of income within the market can influence market demand. If income is concentrated among a small portion of the population, the overall market demand may be lower compared to a market with a more equitable income distribution.

3. Consumer Preferences: The collective tastes, preferences, and trends within a market can affect market demand. Changes in consumer preferences can lead to shifts in market demand for certain products.

4. Price of Related Goods: The price of substitutes and complements in the market can impact market demand. If there are more affordable substitute goods