List six factors that influence the quantity of a good or service demanded by a household.

Question

Quizplus · Accepted Answer

The Answer is (1.) The price of the product. (2.) The income available to the household. (3.) The household's level of accumulated wealth. (4.) The prices of other products available. (5.) The tastes and preferences of the members of the household. (6.) The household's expectations concerning future income, prices, and wealth.

List Six Factors That Influence the Quantity of a Good