A change in which of the following variables will result in NO change in the demand for a given commodity?

Question

Quizplus · Accepted Answer

The demand for a commodity is influenced by factors such as average household income, the distribution of income, population, and tastes in favor of the commodity. However, a change in the price of the commodity itself does not change the demand for it; instead, it changes the quantity demanded. Demand refers to the desire and ability of consumers to purchase goods at different prices, while quantity demanded refers to the specific amount of goods consumers are willing to buy at a specific price.

A Change in Which of the Following Variables Will Result