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quiz question 2 of 8 what factor impacts a change in the consumer deman…

Question

quiz
question 2 of 8
what factor impacts a change in the consumer demand of a product or service at a given price?
government regulation increases
number of sellers increase
household income increases
taxes on producers increase

Explanation:

Brief Explanations

Consumer demand is affected by factors like income. When household income increases, consumers have more purchasing - power and may demand more of a product or service at the same price. Government regulations, number of sellers, and producer taxes mainly impact supply - side factors rather than directly affecting consumer demand at a given price.

Answer:

C. Household income increases