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प्रश्न
Which of the following is not a determinant of demand?
विकल्प
Income of the consumer
Price of the product
Price of related goods
Technology used to produce the goods
Size of population
उत्तर
Technology used to produce the goods
Explanation:
Technology used to produce the goods is not a determinant of demand; rather, it is a determinant of supply. Demand determinants typically include factors like the income of the consumer, the price of the product, and the price of related goods (substitutes and complements). These factors influence a consumer's willingness and ability to purchase a good, which affects the demand for that good.
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संबंधित प्रश्न
Explain any three factors that affect the demand for a commodity.
What will be the impact of a rise in price on the demand for its complementary goods?
Which of the following pairs of goods are most likely substitutes?
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 ______.
The demand for a Good X increases when the price of its substitute ______ OR when the price of its complements ______.
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 are inferior goods?
What do you mean by complementary goods?
Explain the impact on demand of complementary goods.
If the quantity demanded of commodity X decreases as the householder's income increases. What type of a commodity is X? Give an example.
With the help of a suitable example explain the effect of a rise in price on the demand for complementary goods.
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Define complementary goods.
What are Veblen goods?
Car and petrol are examples of ______ demand.
Tea and coffee are examples of ______.
Detergent powder and detergent cake are examples of ______.
