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:

Socialization

The process by which individuals acquire the knowledge, skills, and behaviors that are necessary for functioning within a society or organization.

Pre-employment

Pertaining to processes or assessments that occur before an individual officially becomes an employee.

Psychological Contract

An unwritten agreement that sets out mutual expectations between employees and employers, including informal arrangements, perceived promises, and obligations.

Reality Shock

The experience of realizing that the actualities of a situation or environment are different from one's expectations or beliefs.