Which of the following is a determinant of market demand?
A) consumers' expectation of the future relative price of a product
B) taxes imposed on firms that sell the product
C) cost of inputs used to produce the product
D) number of firms that produce the product

Question

Quizplus · Accepted Answer

Consumers' expectations of the future price of a product can impact their current demand for it. If they anticipate the price will rise in the future, they may increase their demand for the product now.

Which of the Following Is a Determinant of Market Demand