Demand factors are
A) the various competitors that provide a substituable product or service.
B) the price levels that should be charged for a given product.
C) the elements that determine consumers' willingness and ability to pay for products.
D) the various groups of consumers who want to purchase a product.
E) the various groups of consumers who can purchase a product.

Question

Quizplus · Accepted Answer

Demand factors are elements that determine consumers' willingness and ability to pay for products, influencing the demand for those products.

Demand Factors Are