QUESTION IMAGE
Question
which of the following is not a determinant of demand? (1 point)
price of related goods
cost of production
consumer preferences
consumer incomes
Brief Explanations
Determinants of demand focus on factors that affect consumers' willingness/ability to buy a good. Prices of related goods, consumer preferences, and consumer incomes all directly impact demand. Cost of production affects the supply of a good, not demand, as it relates to producers' costs rather than consumer behavior.
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cost of production