When Estimating Demand, Price Is Not the Only Factor to Be

question 230

Multiple Choice

When estimating demand, price is not the only factor to be considered.Three other elements include consumer tastes, price and availability of similar products, and

• A)consumer income.
• B)consumer psychographics.
• C)current economic stressors.
• D)current political agendas.
• E)green substitutes.

---

Definitions:

Memory And Attention

The interrelated cognitive processes where memory refers to the storage and retrieval of information and attention determines what information moves into focus.

Interpersonal

Relating to or involving interactions between people, often focusing on relationships or communication skills.

Productive

Productive refers to the capacity to produce or generate outcomes, particularly in relation to work, creativity, or linguistic competence.