Most important determinant of demand is :
A)income
B)wealth
C)price
D)advertisement

Question

Quizplus · Accepted Answer

The most important determinant of demand is price, as it directly affects how much of a good or service consumers are willing and able to purchase at a given time. Changes in price typically have an immediate effect on demand, making it a primary factor in the law of demand, which states that, all else being equal, as the price of a product increases, quantity demanded decreases, and vice versa.

Most Important Determinant of Demand Is