Question

Which of the following is the determinant of market demand?

Options

• Income of the consumers

• Season and weather

• Price of related goods

• All of the above

Answer 1

All of the above

Explanation:

The following are important demand determinants:

1. Price of related commodities
2. Price of the commodity
3. Tastes and preferences of consumers
4. Changes in weather conditions
5. Money income of the consumers
6. Change in saving habits
7. Phases of business cycles
8. Distribution of National Wealth
9. Changes in the quantity of money
10. Distribution of income
11. Changes in population,
12. Changes in the structure of the population