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 the above are correct.

Question

Quizplus · Accepted Answer

The common misperception is that consumer demand is a fixed amount, whereas in reality, it varies based on factors like price, income, preferences, and other variables.

A Common Misperception About Consumer Demand Is That