Market demand is determined by all of the following except
A)The number of potential sellers.
B)Income.
C)Tastes.
D)Expectations about future income.

Question

Quizplus · Accepted Answer

Market demand is determined by factors such as income, tastes, and expectations about future income, but the number of potential sellers is not one of them. Market demand refers to the total demand for a product or service in a specific market, which is influenced by factors such as consumer preferences, income levels, and market conditions, among others. The number of potential sellers can affect competition in the market and supply levels, but it does not affect market demand directly.

Market Demand Is Determined by All of the Following Except