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Doctors Medicines MCQs Q&A

  1. Both I and III 
  2. Both II and III 
  3. Only III 
  4. All I, II and III 
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Option 4 : All I, II and III 

  • Demand is known as the number of particular goods or services that a consumer is ready to purchase at various given prices at a given point of time. 
  • Demand for any goods or services depends on the following factors:
  1. Price of the commodity 
  2. Preference and tastes of the consumer 
  3. Change in the propensity of consumption 
  4. Change in the price and supply of related goods 
  5. Income of people 
  6. The number of consumers in the market 
  • Demand and supply are the two basic factors in economics. 
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