Question

what is market demand? sate any three factors causing increase in market demand

Answer 1

HERE IS YOUR ANSWER. . . . .

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MARKET DEMAND - Market demand is the sum of the individual demand for a product from buyers in the market. If more buyers enter the market and they have the ability to pay for items on sale, then market demand at each price level will rise.

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Factors responsible for increase in market demand are:- 1. Income - increase in income leads to increase in demand of superior good but decrease in demand of inferior goods.

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