Which of the following is a determinant of the level of demand for a good?
A) The costs of producing the good.
B) The income of the consumer.
C) The availability of raw materials for production.
D) The number of sellers in the market.

Question

Quizplus · Accepted Answer

The income of the consumer is a determinant of the level of demand for a good because as consumers' income changes, their ability to purchase goods and services changes, affecting the demand for those goods and services.

Which of the Following Is a Determinant of the Level