Which of the Following Is a Non-Price Determinant of Demand

question 71

Multiple Choice

Which of the following is a non-price determinant of demand?

• A) income
• B) tastes and preferences
• C) prices of related goods and services
• D) All of the above are correct.

---

Definitions:

Pure Market Capitalism

An economic system where all productive resources are owned and controlled by private individuals and businesses, with all economic decisions made through the market.

Government Interference

Actions by government agencies that affect the market or economy through regulations, policies, or direct involvement.

Economic Systems

The methods and principles societies use to allocate scarce resources and distribute goods and services, including capitalism, socialism, and communism among others.

Command Economic System

In this type of economic structure, a central government or authority is responsible for making decisions about how goods and services are produced and distributed.