A Non-Price Determinant of Demand Refers to Something

question 1

Multiple Choice

A non-price determinant of demand refers to something:

• A) other than demand that affects the price.
• B) other than the price that affects demand.
• C) that determines how large a role price plays in the demand decision.
• D) that determines how prices are affected by income.

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Definitions:

Schachter And Singer

Known for their two-factor theory of emotion, suggesting that emotions are the result of physiological arousal and the cognitive labeling of that arousal.

Physiological Condition

The state of functioning of living organisms and their bodily parts.

Autonomic Arousal

The activation of the autonomic nervous system, which can result in physiological responses such as increased heart rate or sweating.

Emotional Experiences

Intense feelings that are a response to internal or external events, often affecting mood and behavior.