Your demand for a product or service depends only on your preferences, not on your income.

Name: Your demand for a product or service depends only on your preferences, not on your income.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

The demand for a product or service is affected by both preferences and income. As income increases, consumers are typically able to afford more of a product or service and therefore demand may increase. Additionally, as consumer preferences change, their demand for certain products or services may also change.

Your Demand for a Product or Service Depends Only on Your