The In the News article titled "Men vs.Women: How They Spend" differentiates the spending habits of women and men: "Men spend almost twice as much as women do on electronic equipment … young women spend twice as much money on clothing,personal care items,and their pets." Which determinant of demand is most likely involved?
A)Income.
B)Tastes.
C)Expectations.

Question

Quizplus · Accepted Answer

The difference in spending habits of men and women is likely due to differences in tastes/preferences. Men may generally place more value on electronic equipment while women may prioritize spending on clothing, personal care items, and pets. This is a reflection of their individual tastes rather than changes in income or expectations.

The in the News Article Titled "Men Vs