Which of the following is/are likely to affect the demand for imports?

Question

Quizplus · Accepted Answer

All of the given factors can affect the demand for imports. A change in the relative prices of domestically produced and foreign-produced goods can make imports relatively cheaper or expensive, affecting the demand. An increase in after-tax real wages can increase the purchasing power of consumers, leading to an increase in demand for imports. Interest rates can affect the cost of borrowing and the value of the domestic currency, which can in turn affect the demand for imports.

Which of the Following Is/are Likely to Affect the Demand