Which of the Following Is NOT a Determinant of Demand

question 105

Multiple Choice

Which of the following is NOT a determinant of demand for gasoline?

• A)Consumers' incomes.
• B)The price of diesel.
• C)The price of automobiles.
• D)The quantity of gasoline supplied.

---

Definitions:

Mutually Exclusive

Mutually exclusive describes a scenario where the occurrence of one event makes the occurrence of another impossible.

Unequal Lives

Refers to comparing projects or assets with different durations or expected lifetimes to make investment or capital budgeting decisions.

Equivalent Annual Annuity

A method used in capital budgeting to compare the profitability of investments with different lifespan by converting them into an equivalent annuity.

Net Present Value

The calculation that compares the value of a dollar today to the value of that same dollar in the future, taking inflation and returns into account.