Which of the Following Is Not a Non-Price Determinant of Demand

question 164

Multiple Choice

Which of the following is not a non-price determinant of demand?

• A) Consumer preferences
• B) Income of the consumers
• C) The number of sellers in the market
• D) The prices of related goods

Understand the implications of labor market discrimination models for economic output and efficiency.

Recognize the role of tax credits and subsidies in supporting low-income workers.

Understand the effects of welfare system reforms on dependency and employment incentives.

Understand the arguments for and against income inequality and the impact of government programs on income distribution.

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Definitions:

Bank of America

A multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina, known for offering banking, investing, asset management, and other financial and risk management products and services.

Trend Toward Bigness

Describes the economic phenomenon where companies and organizations grow larger, often through mergers, acquisitions, or increased market share, affecting competition and market dynamics.

Civil War

An intense conflict between factions or regions within the same country, where opposing groups fight for control, autonomy, or specific changes in policy.

Major Setback

A significant or substantial problem, failure, or delay that prevents progress or the achievement of objectives, often requiring considerable effort to overcome.