quiz\nquestion 2 of 8\nwhat factor impacts a change in the consumer demand of a product or service at a…

quiz\nquestion 2 of 8\nwhat factor impacts a change in the consumer demand of a product or service at a given price?\ngovernment regulation increases\nnumber of sellers increase\nhousehold income increases\ntaxes on producers increase

quiz\nquestion 2 of 8\nwhat factor impacts a change in the consumer demand of a product or service at a given price?\ngovernment regulation increases\nnumber of sellers increase\nhousehold income increases\ntaxes on producers increase

Answer

Brief Explanations:

Consumer demand is affected by factors like income. When household income increases, consumers have more purchasing - power and can afford to buy more of a product or service at the same price. Government regulation, 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