Demand shifters do not include the

Name: Demand shifters do not include the
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

Demand shifters are external factors that affect the demand for a good. These factors include consumer's tastes and preferences, the price of other related goods, consumer's expectations about future prices of the good, income level, and demographics. The price of the good itself is not a demand shifter, but rather a factor affecting the quantity demanded along the demand curve. Therefore, choice A is the correct answer.

Demand Shifters Do Not Include the