Q. 94.0( 6 Votes )

Define demand. Na

Answer :

Demand means the quantity of a good a person is willing to buy at a given price during a period of time.

The factors that affect market demand are:


a) The price of the good.


b) The price of related goods


c) Income of the buyer


d) Number of consumers


e) Tastes and preferences of the consumer


f) The distribution of income


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

What will be the Economics - Board Papers

Distinguish betweEconomics - Board Papers

When does ‘changeEconomics - Board Papers

A consumer consumEconomics - Board Papers

Define utility. EEconomics - Board Papers

Define demand. NaEconomics - Board Papers

When does ‘changeEconomics - Board Papers