Each of the following will impact the consumption decision EXCEPT the:
A) price of the good.
B) income of the consumer.
C) price of a substitute good.
D) fixed cost of production.

Question

Quizplus · Accepted Answer

Fixed costs of production do not directly impact the consumer's decision to consume a product. Consumers are typically affected by factors like price, income, and prices of substitute goods, which directly influence their ability to purchase or preference for a product. Fixed costs, on the other hand, are concerns of the producer and do not directly change the price or desirability of a good from the consumer's perspective.

Each of the Following Will Impact the Consumption Decision EXCEPT