All of the Following Are Non-Price Determinants of Demand EXCEPT

question 83

Multiple Choice

All of the following are non-price determinants of demand EXCEPT

• A) price of related goods.
• B) price of raw materials used in production of the good.
• C) income.
• D) number of consumers.

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Definitions:

Lowest Level

The minimum or most basic tier in a hierarchy or scale.

Instinctoid

A term used to describe behaviors or instincts that are innate but can be modified by environmental factors.

Genetics

The study of heredity and the variation of inherited characteristics.

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.