Which of the following is NOT a determining factor of consumers' purchase decisions?
A) Consumers' tastes and preferences
B) The market price of the finished goods
C) The cost of factor inputs
D) Consumers' income

Question

Quizplus · Accepted Answer

The cost of factor inputs is a determining factor for producers when deciding whether or not to produce a good. It is not typically considered by consumers when making a purchase decision. Consumers' tastes and preferences, market price of the finished goods, and consumers' income are all factors that can affect their purchase decisions.

Which of the Following Is NOT a Determining Factor of Consumers