Economics · Demand Determinants
In the theory of demand, how do 'special influences' differ from regular determinants such as price or income?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They only impact the market demand for Veblen and luxury items.
- 2They always systematically override the law of demand for all commodities.
- 3They exert a significant impact on demand only under specific seasonal, regional, or situational conditions.✓
- 4They do not affect the market demand for a commodity.
Correct answer
They exert a significant impact on demand only under specific seasonal, regional, or situational conditions.
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