A non-price determinant of demand refers to something:
A) other than demand that affects the price.
B) other than the price that affects demand.
C) that determines how large a role price plays in the demand decision.
D) that determines how prices are affected by income.

Question

Quizplus · Accepted Answer

A non-price determinant of demand refers to any factor other than the price that affects the demand for a good or service. Examples of non-price determinants of demand include consumer tastes and preferences, income, availability of substitutes, consumer expectations, and demographic factors like population growth or aging. These factors can change demand for a good or service even if the price remains the same.

A Non-Price Determinant of Demand Refers to Something