Introduction to Economics 1 Deneme Sınavı Sorusu #753442

I. The price of the good
II. The abundancy of the good
III. The income of the individual
IV. The tastes and preferences of the individual

Which of the above can be considered as the main determinants of demand?

I and II

I and III

I and IV

I, III and IV

II, III and IV

Yanıt Açıklaması:

The theory of demand indicates that an individual’s decision about what quantity of a specific good to demand is determined by factors such as the tastes and preferences of the individual, the price of the good, the income of the individual, the price of related goods and services, the individual’s expectations about the future income, wealth, prices, and etc. Abundancy of the product or the service is not one of them. The correct answer is D.

PAYLAŞ:

SORUNUN CEVABI: D

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