Some Nonprice Determinants of Demand Are

question 33

Multiple Choice

Some nonprice determinants of demand are:

• A) consumer preferences, expectations of future prices, and the number of buyers in the market.
• B) consumer preferences, the price of the good, and incomes.
• C) incomes, expectations of future prices, and the number of sellers in the market.
• D) prices of related goods, knowledge of past prices, and the number of buyers in the market.

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Definitions:

Conception

The process of fertilization where a sperm cell combines with an egg cell to form a zygote, marking the beginning of pregnancy.

Age of Viability

The stage of fetal development at which the fetus is considered capable of surviving outside the womb, typically around the 24th week of gestation.

Fetus's Lungs

The developing respiratory organs in a fetus, which undergo significant growth and maturation during pregnancy to prepare for air breathing after birth.

Breathing Air

The process of inhaling oxygen and exhaling carbon dioxide, essential for life in most organisms.