determinants of demand are some times referred as__________________________?
Correct answer: C. Demand shifters
- A. Demand effectors
- B. Demand determinants
- C. Demand shifters
- D. none
Explanation
Demand shifters are factors other than the good's own price, such as income, tastes, population and prices of related goods, that shift the entire demand curve. A change in the good's own price causes movement along the curve rather than a shift.
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