Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

4. which of the following is not a determinant of demand or as we put i…

Question

  1. 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

Explanation:

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.

Answer:

a change in the retailer selling the good