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What is market demand for a good? Name the factors determining market demand.

Answer» <html><body><p></p>Solution :Market <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> is the sum of demand by all the <a href="https://interviewquestions.tuteehub.com/tag/individuals-1042422" style="font-weight:bold;" target="_blank" title="Click to know more about INDIVIDUALS">INDIVIDUALS</a> in the market.<br/>1. Size of population.<br/>2. Distribution of income.<br/>3. <a href="https://interviewquestions.tuteehub.com/tag/season-1197101" style="font-weight:bold;" target="_blank" title="Click to know more about SEASON">SEASON</a> and climate.<br/>4. Tastes and preferences.<br/>5. Price of <a href="https://interviewquestions.tuteehub.com/tag/relatedbrbr-2983848" style="font-weight:bold;" target="_blank" title="Click to know more about RELATED">RELATED</a> goods.</body></html>


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