OMTEX CLASSES: Market Demand

Market Demand

Market Demand

1. It refers to the total quantity of a commodity purchased at different prices by all consumers together in the market at a given time and place.

2. Market demand can be presented with the help of ‘Market demand schedule, and ‘market demand curve’

3. Factors affecting market demand are: - Size and growth of population , composition of the population –age structure and sex ratio, etc

4. It is broader in scope as it includes all individual demand.