Which of the Following Is a Determinant of Consumer Demand

question 448

Multiple Choice

Which of the following is a determinant of consumer demand?

• A)expectation of the future relative price of a product
• B)taxes imposed on firms that sell the product
• C)cost of inputs used to produce the product
• D)number of firms that produce the product

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Definitions:

Evolution by Natural Selection

A mechanism proposed by Charles Darwin whereby organisms better adapted to their environment tend to survive and produce more offspring.

Evolutionary Events

Significant occurrences in the history of life that have led to changes in species over time, including mutations, gene flow, and natural selection.

Darwinian Puzzle

A term describing biological characteristics or behaviors that appear to contradict the principles of natural selection or survival advantage.

Eusocial Insects

Insects that live in highly cooperative societies, such as ants, bees, and termites, where there is division of labor and reproductive specialization.