Which of the following is not a component of demand?
A)Trend
B)Seasonal component
C)Cyclical component
D)Depreciation
E)Random variation

Question

Quizplus · Accepted Answer

Depreciation is a concept related to the reduction of the value of an asset over time and is not a component of demand, which refers to the willingness and ability of consumers to purchase goods and services at various prices. The other options (trend, seasonal component, cyclical component, and random variation) are all factors that can influence demand patterns.

Which of the Following Is Not a Component of Demand