Which of the following is not a determinant of the demand:
Select one:
a. Income
b. Price
c. Technology
d. Beliefs and traditions
Some of the common determinants of the demand
1. Consumers' tastes (preferences) reflects option d.
2. The number of buyers in the market
3. Consumers' incomes reflects option a.
4. The prices of related goods reflects option b
5. Consumer expectations
So answer is c. technology is not a determinant of the demand
You might also like to view...
Increases in capital per hour worked cannot sustain high rates of economic growth unless accompanied by technological change
Indicate whether the statement is true or false
If government taxes a firm which pollutes this will
a. increase the demand for the good produced. b. decrease the supply of the good produced. c. increase the equilibrium quantity of the good produced in the market. d. decrease the equilibrium price of the good produced in the market. e. all of the above.
During the Great Depression:
A. overall GDP rose. B. investment increased, but consumption decreased. C. both consumption and investment decreased. D. investment fell, but consumption increased.
The average tax rate is calculated in the following manner:
A. Taxes Paid/Taxable Income. B. Taxable Income/Taxes Paid. C. Additional Taxes Paid/Additional Taxable Income. D. Additional Taxable Income/Additional Taxes Paid.