Market Demand and Population Dynamics Quiz

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PleasurableKyanite
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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?

<p>The larger the population, the larger is likely to be the number of consumers, which in turn affects market demand.</p> Signup and view all the answers

How does population size affect the number of consumers?

<p>Population size determines the number of consumers, with larger populations likely to have more consumers.</p> Signup and view all the answers

What factor influences the market demand for a commodity?

<p>The size and composition of the population influence the market demand for a commodity.</p> Signup and view all the answers

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