Which of the Following Is a Determinant of Consumer Demand

question 322

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

Describe the generative and creative capacity of language.

Recognize the influence of language on perception and thought, as suggested by the linguistic relativity hypothesis.

Understand the cognitive benefits and characteristics of bilingualism.

Comprehend the concept of intelligence and its various aspects, excluding artistic ability as a common aspect.

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Definitions:

Mere-Exposure Effect

A psychological phenomenon by which people tend to develop a preference for things simply because they are familiar with them.

External Attribution

The process of attributing one's own behavior or the behavior of others to external factors or situations.

Altruism

Behavior that is aimed at helping another, requires some self-sacrifice, and is not performed for personal gain.

Conformity

Changing or adopting a behavior or an attitude in an effort to be consistent with the social norms of a group or the expectations of other people.