Factors that determine consumers' willingness and ability to pay for goods and services are called _____.
A)economic environmental factors
B)consumer price indices
C)demand factors
D)elasticity factors

Question

Quizplus · Accepted Answer

Consumer tastes and price and availability of similar products influence what consumers want to buy.Consumer income affects what they can buy.Along with price, these factors are often called demand factors, or factors that determine consumers' willingness and ability to pay for goods and services.

Factors That Determine Consumers' Willingness and Ability to Pay for Goods