Asked by Brandon Pimentel on Jul 17, 2024

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Factors which quickly and directly affect market demand include all of the following except

A) prices of related goods.
B) the number of buyers.
C) income.
D) tastes and preferences.
E) the cost of resources.

Market Demand

The total quantity of a product or service that all consumers in a market are willing and able to buy at various prices, given a period of time.

Related Goods

Products or services that are either complements or substitutes to one another, affecting each other's demand and supply.

Cost of Resources

The total expense incurred to acquire resources needed for production, including raw materials, labor, and capital.

  • Discern the influence of assorted aspects, like monetary income, related products' pricing, and shifts in preferences or demographic changes, on the demand curve's movement.
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AM
aryan madaanJul 18, 2024
Final Answer :
E
Explanation :
The cost of resources is a factor that influences supply, not demand. The other options all directly affect market demand.