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In Business / College | 2025-07-06

What factor impacts a change in the consumer demand of a product or service at a given price?

A. Government regulation increases
B. Number of sellers increase
C. Household income increases
D. Taxes on producers increase

Asked by trxpz16

Answer (1)

Increased household income is a primary factor affecting consumer demand at a given price, as it enhances purchasing power. Other factors like government regulations, the number of sellers, and taxes on producers, play roles in market dynamics, but do not directly boost demand. Understanding these distinctions helps clarify how demand can shift in response to external economic changes. ;

Answered by GinnyAnswer | 2025-07-07

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