ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Answer and Explanation: All of the following are determinants of demand except: B) quantity supplied. The quantity supplied of a product or service does not affect how much of the good is purchased. Therefore, it is not a determinant of demand.

Detailed explanation-2: -Population is not a determinant of a consumer’s demand for a commodity. Q. The determinants of demand include price, taste, price of substitutes, number of consumers, .

Detailed explanation-3: -Some of the determinants of supply are technology, the number of suppliers, expectation of suppliers, feedback from consumers, increase in tax, high wage rate, etc. The change in prices of other products which a producer can produce may cause a change in supply for the product.

Detailed explanation-4: -1] Price of the Product. Browse more Topics under Theory Of Demand. 2] Income of the Consumers. 3] Prices of related goods or services. 4] Consumer Expectations. 5] Number of Buyers in the Market.

Detailed explanation-5: -While the determinants of supply include input prices, technology, number of sellers, and future expectations, demand is determined by other factors. Some of the main determinants of demand include income, price of related goods, expectations, and the number of buyers.