which of the following does not directly influence the demand for a good? the size of the population consumer preferences the cost of producing the good average consumer income

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter6: Elasticities
Section: Chapter Questions
Problem 7P
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which of the following does not directly influence the demand for a good?

the size of the population

consumer preferences

the cost of producing the good

average consumer income

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Populace and growth in consumption will prompt the demand for services and goods expanding for the greater part of the momentum century while expanding rivalry for land, water and different assets compromise the supply of services and goods. Population growth, services and goods needs will ascend because of the expanding earnings of individuals in non-industrial nations as they move from low income into the working class. The direct factors which influence the demand for the goods are consumer preference, population growth and income level of the consumer.

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