Which of the following is not a determinant of demand?
A)Desire for the good.
B)Income of the consumer.
C)The cost of the factor inputs.

Name: Which of the following is not a determinant of demand? A)Desire for the good. B)Income of the consumer. C)The cost of the factor inputs.
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Question

Quizplus · Accepted Answer

The cost of the factor inputs is a determinant of supply, not demand. Demand is determined by factors such as consumer tastes and preferences, income, prices of related goods, and expected future prices.

Which of the Following Is Not a Determinant of Demand