QUESTION IMAGE
Question
- which of the following is not a determinant of demand or as we put in the content presentation, a demand shifter?
○ a change in the retailer selling the good
○ a change in the number of consumers in a market
○ a change in consumer income
○ a change in consumer tastes and preferences
Brief Explanations
Demand shifters affect the quantity demanded at every price, related to consumer-side factors. The number of retailers is a supply-side factor (a supply shifter), not a demand shifter. Consumer income, tastes/preferences, and number of consumers directly impact demand.
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a change in the retailer selling the good