The quantity of good X demanded by an individual may depend upon:
A)the individual's income.
B)the price of X.
C)the price of some other goods.
D)all of the above.
E)answers a and b, only.

Question

Quizplus · Accepted Answer

The quantity of good X demanded by an individual can depend on all three factors: their income, the price of X itself, and the price of other goods. A person's income can affect their ability to purchase X, while the price of X and the prices of other goods can influence their preference for X over other options. Therefore, D (all of the above) is the best choice.

The Quantity of Good X Demanded by an Individual May