Which of the following is not a determinant of demand for a good?
A) Tastes or preferences.
B) Income.
C) Prices of other goods.
D) Technological advances.

Question

Quizplus · Accepted Answer

Technological advances are not a determinant of demand for a good. The determinants of demand are factors that influence consumers' willingness and ability to purchase a good, such as tastes or preferences, income, and prices of other goods. Technological advances may affect the supply of a good, but they do not directly impact demand.

Which of the Following Is Not a Determinant of Demand