Suppose that tattoos gained immense popularity with retired people as well as college students.This gain in popularity best reflects which of the following influences on buying plans?
A) the price of a substitute good
B) income
C) expectations
D) preferences
E) the price of a complement good

Question

Quizplus · Accepted Answer

The gain in popularity of tattoos among both retired people and college students suggests a shift in preferences, as both groups are likely to have different attitudes and expectations towards tattoos. Income, the price of substitute goods, and the price of complement goods are not likely to be major factors driving this trend. Expectations could be a possible influence, but it is not as clear cut as preferences.

Suppose That Tattoos Gained Immense Popularity with Retired People as Well