Question

Market demand is also affected by ______.

(i) Income of the sellers
(ii) State of Technology
(iii) Season and weather
(iv) Composition of Population
(v) Number of firms in the market
(vi) Size of Population

Alternatives:

Options

• (i), (ii) and (iii)

• (ii), (iii), (iv) and (v)

• (iv), (v) and (vi)

• (iii), (iv) and (vi)

Answer 1

Market demand is also affected by Season and weather, Composition of Population and Size of Population.

Explanation:

The special determinants of market demand listed here are season and weather, and the size and composition of the population. These correspond to (iii), (iv) and (vi).