Question

defines demand. names the factors affecting market demand​

Answer 1

Answer:

Demand :

demand refers to design of the people to purchase goods and services willingness to pay for a specific goods and services..

factors that affect market demand :

due to increase of public demand inflation increases and by which demand of market also increases....

Answer 2

Demand :-

Demand refers to the different possible quantities of a commodity that consumer is ready to buy at different possible prices at a point of time.

Factors affecting demand :-

1. Income of consumer :-

If the consumer is back with a sufficient purchasing power then he will not take care of the price of the commodity but if he has not good purchasing power then his demand will be low .

2. Nature of commodity :-

The demand of ordinary goods that are necessary for our day to day life will not increase or decrease due to change in their price like salt, sugar , tea etc but the demands of luxurious items like car , AC etc will depend upon their price as well.

3. Postponement of use :-

The demand of those goods which can be postponed for further time or future the demand of such goods will be highly elastic but if we can't postponed the demand of any good their demand will be inelastic and there will be no effect of the price on the demand.

4. Habitual goods :-

The goods which are included in the habit of the consumer have less change in demand because the consumer cannot very easily leave using their habitual goods .