Individual demand for a good does not depend upon which of the following?

Number of consumers

The correct answer is Option (4) → Number of consumers

ndividual demand refers to the quantity of a good that a single consumer is willing and able to purchase at different prices in a given period of time. It depends on:

• Affordability of the consumer (income level) — because higher income generally increases purchasing capacity.

• Price of substitute goods — because if substitutes become cheaper, the consumer may switch.

• Tastes and preferences — because a consumer’s likes and dislikes influence their demand.

However, “number of consumers” affects market demand, not individual demand. Market demand is the total demand of all individuals combined.