Which of the following is not a determinant of a consumer's demand for a commodity?
A) Income
B) Population
C) Prices of related goods
D) Tastes

Question

Quizplus · Accepted Answer

Population is not a determinant of an individual consumer's demand for a commodity. It affects market demand as a whole but not the demand of a single consumer, which is influenced by factors like income, prices of related goods, and tastes.

Which of the Following Is Not a Determinant of a Consumer's