Some Nonprice Determinants of Demand Are

question 33

Multiple Choice

Some nonprice determinants of demand are:

• A) consumer preferences, expectations of future prices, and the number of buyers in the market.
• B) consumer preferences, the price of the good, and incomes.
• C) incomes, expectations of future prices, and the number of sellers in the market.
• D) prices of related goods, knowledge of past prices, and the number of buyers in the market.

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Definitions:

Long Term Assets

Assets that are expected to provide economic benefits to a company over a period longer than one year, like buildings and machinery.

Condensed Balance Sheets

Simplified financial statements presenting only the most essential information about a company's financial position.

Fixed Assets

Long-term tangible assets used in the operation of a business that are not likely to be converted to cash within one year.

Capital Expenditures

Financial resources dedicated by a corporation towards the acquisition, betterment, and maintenance of real assets, like real estate, industrial plants, or machinery.