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:

After-Tax Cost

The actual cost of an investment or loan after considering the effects of taxes on its profitability or expense.

Salvage Value

The estimated resale value of an asset at the end of its useful life.

Legal Owner

The person or entity that has legal title or ownership of property or assets.

Tax Benefits

Financial advantages that result from specific tax law provisions, often designed to encourage certain business investments or activities.