A common misperception about consumer demand is that
A)demand depends on many other variables.
B)price is a major determinant of quantity.
C)it is a fixed amount.
D)quantity cannot be determined in advance.
E)All of these responses are correct.

Question

Quizplus · Accepted Answer

A common misperception about consumer demand is that it is a fixed amount. In reality, demand can fluctuate based on a variety of factors such as price, income levels, consumer preferences, and more.

A Common Misperception About Consumer Demand Is That