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

---

Definitions:

Predetermined Overhead Rates

A rate calculated prior to the accounting period that is used to apply manufacturing overhead costs to products or job orders, based on an estimated amount of allocation base.

Accounting Period

A specific period of time used for financial reporting and analysis, often a quarter or a year.

Estimates

Approximations used in accounting when precise data is unavailable, often used for calculating allowances for doubtful accounts or depreciation.

Actual Overhead Cost

The real expenses incurred for overhead, including costs associated with running the business that are not directly tied to a specific product or service.