Which of the following is a determinant of consumer demand?
A) Expectation of the future relative price of a product
B) Taxes imposed on firms that sell the product
C) Cost of inputs used to produce the product
D) Number of firms that produce the product

Question

Quizplus · Accepted Answer

Expectation of the future relative price of a product is a determinant of consumer demand because it influences the decision of consumers to buy or postpone buying a product based on their expectations of its price in the future.

Which of the Following Is a Determinant of Consumer Demand