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This is the end of the test. When you have completed all the questions and reviewed your answers, press the button below to grade the test. Which of the following is a determinant of demand?Determinants of demand are price of good, Price of the related goods, Income of the consumer, taste and preference, expectations etc., and quantity supplied is not a determinant of demand for a commodity.
What are the 5 determinants of demand?5 key determinants of demand for products and services. Income. When an individual's income rises, they can buy more expensive products or purchase the products they usually buy in a greater volume. ... . Price. ... . Expectations, tastes, and preferences. ... . Customer base. ... . Economic conditions.. Which of the following is a determinant of demand except?Answer and Explanation: All of the following are determinants of demand except: B) quantity supplied. The quantity supplied of a product or service does not affect how much of the good is purchased.
What are the 5 determinants of demand quizlet?Terms in this set (5). consumer tastes and preferences. what people like and don't like. ... . Market size (population and demographics) the # of consumers in the market. ... . income. consumers are willing and able to buy more at price point. ... . prices of related goods. ... . consumer expectations.. |