The demand for a particular good depends on variables such as
A) consumer income.
B) price of substitutes.
C) price of complements.
D) all of the above.

Question

Quizplus · Accepted Answer

The demand for a particular good depends on various factors, including consumer income, price of substitutes, and price of complements. Consumer income influences their ability to buy the good, the price of substitutes affects the willingness to purchase the good over similar goods, and the price of complements influences the demand for related goods that are consumed together. Therefore, the correct answer is D, all of the above.

The Demand for a Particular Good Depends on Variables Such