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प्रश्न
State two factors affecting the market demand for a commodity.
उत्तर १
Two factors affecting the market demand for a commodity:
- The pattern of income distribution: If the income distribution moves in favour of the poor people, the demand for commodities would increase among those people. On the other hand, if most of the national income is concentrated with rich people, the demand for luxury goods would increase among those people. So, the pattern of income distribution affects the market demand for a commodity.
- Climatic condition: During the winter season, the demand for woollen clothes increases. During the summer season, the demand for cotton clothes increases. Hence, the climatic condition affects the market demand for a commodity.
उत्तर २
Two factors affecting Market Demand:
- Market demand of a product is affected by the price of a commodity.
- Seasonal and weather conditions also affect the market demand of a product.
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संबंधित प्रश्न
Which of the following pairs of goods are most likely substitutes?
Which of the following is not a determinant of demand?
What kind of a commodity will have inverse relation between income and demand?
With an increase in income, the consumption of which good, the consumer reduces ______.
Mobile phones and SIM cards are examples of ______.
Assertion (A): The statement 'A consumer buys 2 litres of milk everyday at a price of ₹50 per litre of milk' is demand statement.
Reason (R): The demand for a commodity is always expressed with references to price and time.
From the set of statements given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| A. Normal goods | (i) Goods the demand for which tends to fall with increase in income. |
| B. Inferior goods | (ii) Goods which cannot be used in place of one another. |
| C. Substitute goods | (iii) Goods which can be used in place of one another. |
| D. Joint demand | (iv) Goods the demand for which rise with increase in income. |
State two important determinants of demand.
What do you mean by complementary goods?
If price of X increases, then demand for Y too increases. What is the relationship between goods X and Y? Give an example.
Differentiate between Giffen goods and inferior goods.
With the help of a suitable example explain the effect of a rise in price on the demand for complementary goods.
Explain how quantity demanded for commodity X will be affected by Government policy.
Give the meaning of Price demand.
Define complementary goods.
Given an example of Veblen goods.
Milk can be put to several uses; therefore, it is called as a ______ good.
