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

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