which factors influence changes in consumer demand? check all that apply.\nmarket share\nelasticity\ninternat…
which factors influence changes in consumer demand? check all that apply.\nmarket share\nelasticity\ninternational trade\nclearance sales\nincome
Answer
Brief Explanations:
- Elasticity affects how responsive demand is to price - changes. Clearance sales lower prices, often increasing demand. Income impacts consumers' ability to buy, thus influencing demand. Market - share is more about a firm's position in the market relative to competitors and international trade mainly affects supply - side and trade - balance aspects rather than directly changing consumer demand in a domestic context.
Answer:
- B. elasticity
- D. clearance sales
- E. income