Which of the following is not a determinant of demand?(1 point)
Responses
cost of production
cost of production
consumer preferences
consumer preferences
consumer incomes
consumer incomes
prices of related goods
3 answers
cost of production
Sunscreen and beach towels are complementary goods. If the price of sunscreen increases, ceteris paribus, _____.(1 point)
Responses
the quantity demanded of beach towels will increase for every possible price
the quantity demanded of beach towels will increase for every possible price
the income of consumers will decrease
the income of consumers will decrease
the income of consumers will increase
the income of consumers will increase
the quantity demanded of beach towels will decrease for every possible price
Responses
the quantity demanded of beach towels will increase for every possible price
the quantity demanded of beach towels will increase for every possible price
the income of consumers will decrease
the income of consumers will decrease
the income of consumers will increase
the income of consumers will increase
the quantity demanded of beach towels will decrease for every possible price
the quantity demanded of beach towels will decrease for every possible price
3 answers