Demand factors refers to
A)the number of consumers who can afford to purchase a product or service.
B)the price that should be charged for a given product.
C)consumers' willingness and ability to pay for products and services.
D)the number of consumers who want to purchase a product.
E)the number of consumers who can purchase a product.

Question

Quizplus · Accepted Answer

Demand factors refer to consumers' willingness and ability to pay for products and services. It includes factors such as income, preferences, and availability of substitutes. The other options are not completely encompassing of demand factors.

Demand Factors Refers to