Estimating Demand,price Is Not the Only Factor to Be Considered

question 130

Multiple Choice

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.

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Definitions:

Community Property

A legal concept used in some states that dictates that property acquired by either spouse during the marriage is owned equally by both spouses.

Easement

A right granted to use another person's property for a specific purpose, such as right of way.

Joint Tenancy

A form of property ownership in which two or more parties own a property together, with rights of survivorship.

Community Property

A type of shared asset ownership usually among married couples, in which properties obtained while married are equally held by each partner.