Define demand name the factors affecting market demand?

1.	Define demand name the factors affecting market demand?
Answer» Market demand means the total quantity of a commodity that all its buyers are willing to purchase at different prices over a given period of time.Factors determining market demand are:(i) Own price of the good(ii) Price of related goods(iii) Income of the consumer(iv) Taste and preferences of the consumer(v) Expectation of the consumer regarding availability of a good(vi) Size of population(vii) Distribution of income(viii) Composition of population

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