Questions and Answers
What does the market demand for a commodity depend on?
The size and composition of the population
How does population size influence market demand?
The larger the population, the larger the number of consumers
What is the role of population composition in market demand?
It influences the types of consumers and their demand for the commodity
What is the relationship between market demand and population size?
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How does population size affect the number of consumers?
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What factor influences the market demand for a commodity?
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