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प्रश्न
‘There are certain special determinants of market demand, which are not observed in case of individual demand’. Discuss them briefly.
लघु उत्तर
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उत्तर
The special determinants of market demand are:
- Size and composition of population: A larger population generally raises market demand, while its composition affects demand for particular goods.
- Season and weather: For example, demand for woollen clothes rises in winter and demand for umbrellas rises in the rainy season.
- Distribution of income: More equitable income distribution can raise market demand; highly unequal distribution may keep it lower.
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