The figure given below represents the PPC in two nations

Question

The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4
 
-Which of the following determines the quantity demanded of a commodity?
A)The income levels of consumers 
B)The price of the commodity 
C)The prices of related commodities 
D)The number of buyers 
E)Consumers' expectations

Quizplus · Accepted Answer

The Answer of The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4
 
-Which of the following determines the quantity demanded of a commodity?
A)The income levels of consumers 
B)The price of the commodity 
C)The prices of related commodities 
D)The number of buyers 
E)Consumers' expectations