Which of the Following Is NOT a Determinant of Demand

question 53

Multiple Choice

Which of the following is NOT a determinant of demand?

• A) consumers' incomes
• B) prices of other goods
• C) consumers' tastes
• D) production technology

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, indicative of a thriving economy.

Poor Societies

Communities characterized by a lack of financial resources and access to basic amenities, leading to widespread poverty.

Counteracting Globalization

Efforts aimed at resisting or managing the effects of globalization in order to preserve local cultures, economies, and environments.

Global Homogeneity

The process or state where cultures around the world become increasingly similar to one another, often due to globalization and the spread of Western culture.