Determinants of Market Demand in Economics Class 11 Notes

Determinants of market demand class 11 notes are presented in this post for easy access to the students. These notes give a clear explanation of the idea. For better comprehension and exam preparation, these notes are essential for reviewing and studying class material. You can save time, energy, and the confusion that often arises from trying to make sense of unorganized, overwhelming, inadequate, or wordy notes by using these notes, which are effective and concise. Creating outlines and studying can benefit greatly from these notes.

Determinants of Market Demand

The various factors affecting Market demand are:-

(1) Size and composition of Population among Determinants of Market Demand




Market demand for a commodity is affected by the size of the population in the country. Increase in population in the country. Increase in population in the country. An increase in population raises the market demand, while a decrease in population reduces the market demand. The composition of the population, i.e., the ratio of males, females, children, and the number of older adults, also affects the demand for a commodity. For example:- if a market has a larger proportion of women, there will be more demand for articles of their use, such as lipstick, sarees, etc.

(2) Season and weather: –

Seasonal and weather conditions also affect the market demand for a commodity. For example: – during winter, demand for woolen clothes and jackets increases, whereas market demand for raincoats and umbrellas increases during the rainy season.

(3) Distribution of Income among Determinants of Market Demand

If income in the country is equitably distributed, then market demand for commodities will be more. However, if income distribution is uneven, i.e., people are either very rich or very poor, market demand will remain lower.




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Unit 5: Consumer’s Equilibrium and Demand