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Question

Which of the following does not relate to the amount of goods demanded by the consumer?


A

Price of the good

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B

Name of the producer of goods

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C

Consumer’s income

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D

Consumer’s taste and preferences

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Solution

The correct option is B

Name of the producer of goods


There are economic, social as well as political factors on which the demand for a commodity depends. For example- income of the consumer, price of goods, tastes preferences, credit facilities, etc.


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