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Which of the following is the determinant of market demand?
Income of the consumers
Season and weather
Price of related goods
All of the above
Option (4) is correct. Explanation: Determinants of Demand Important determinants of demand are: (a) Price of commodity, (b) Price of related commodities, (c) Money income of the consumers, (d) Tastes and preferences of consumers, (e) Changes in weather conditions, Crasie het hul (f) Changes in population, (g) Distribution of income, (h) Changes in structure of population, (i) Changes in quantity of money, (j) Distribution of National Wealth, (k) Phases of business cycles, (1) Change in saving habits
By: Parvesh Mehta ProfileResourcesReport error
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