The theory of overlapping demands argues that consumer demand within nations is strongly determined by
A) tastes and preferences.
B) expectations of future interest rate levels.
C) per-capita income levels.
D) labor productivities.

Question

Quizplus · Accepted Answer

The theory of overlapping demands suggests that countries with similar per-capita income levels will have similar consumer demands, as income influences the types of goods and services consumers can and want to buy.

The Theory of Overlapping Demands Argues That Consumer Demand Within