All of the Following Are Non-Price Factors That Influence Demand

question 40

Multiple Choice

All of the following are non-price factors that influence demand except:

• A)tastes and preferences.
• B)quantity supplied.
• C)income.
• D)the prices of related goods.

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Definitions:

Government Intervention

Actions taken by a government to influence or directly regulate the economy, often to correct market failures and promote economic stability.

Chemical Hazard Control

The methods and practices involved in reducing or eliminating exposure to harmful chemical substances in the environment or workplaces.

Government Intervention

The involvement by the government in the economy, with actions that can include regulations, subsidies, tariffs, and direct provision of goods and services.

Externalities

Costs or benefits arising from an economic activity that affect other parties who did not choose to incur that cost or benefit.