Question 16
EasyOriginal questionWhich of these is NOT a determinant of the demand for a good?
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Demand depends on things on the buyer's side: own price, income, prices of related goods, tastes and expectations.
The cost of production is a determinant of supply.
- Concept
- Determinants of demand
- Typical timeTypical
- 40 s
- Your timeYours
- —
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