Which of the following are determinants of demand? 1. Consumers expectations 2. The price of the good or servi

Question

Which of the following are determinants of demand?

1. Consumers expectations
2. The price of the good or service
3. Preference of consumers
4. All of the above
5. None of the above

GPT-5 mini · Answer

Strictly speaking, 1 and 3 only.

Explanation: Determinants that shift the demand curve include consumers' expectations and consumer preferences (among others). The price of the good itself does not shift demand — a change in the good's price causes a movement along the demand curve (a change in quantity demanded), not a shift in demand. (If the question meant “determinants of quantity demanded,” then price would be included.)

Which of the following are determinants of demand?

1. Consumers expectations
2. The price of the good or service
3. Preference of consumers
4. All of the above
5. None of the above

All Answers 1

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Which of the following are determinants of demand? 1. Consumers expectations 2. The price of the good or service 3. Preference of consumers 4. All of the above 5. None of the above

All Answers 1

Submit Your Answer

Which of the following are determinants of demand?

1. Consumers expectations
2. The price of the good or service
3. Preference of consumers
4. All of the above
5. None of the above