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प्रश्न
Identify the factor that affects market demand from the options below:
विकल्प
Price of jointly produced goods
Consumer Credit Facility
Income of the consumer
Government policy
उत्तर
Government policy
Explanation:
Government policy can directly affect market demand through regulations, taxes, subsidies, and public spending. For example, if the government reduces taxes or increases subsidies on certain goods, it can increase consumers' purchasing power, leading to higher demand for those goods. Conversely, stricter regulations or higher taxes can decrease demand by making goods more expensive or less accessible.
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संबंधित प्रश्न
With help of an example explain the term complementary goods.
With suitable examples differentiate between complementary goods and substitute goods.
Explain clearly two factors which determine demand.
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Give two examples of substitute goods.
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