The In the News article titled "Men vs.Women: How They Spend" differentiates the spending habits of women and men: "Men spend almost twice as much as women do on electronic equipment … young women spend twice as much money on clothing,personal care items,and their pets." Which determinant of demand is most likely involved?

Question

Quizplus · Accepted Answer

The determinant of demand involved in this scenario is most likely "tastes," as the spending habits of men and women differ based on their individual preferences and inclinations towards certain goods and services. Men prioritize electronics, while young women prioritize clothing, personal care items, and pets. This suggests that differences in tastes and preferences shape the spending patterns of these groups.

The in the News Article Titled "Men Vs