All of the following will affect the position of the demand curve EXCEPT
A. prices of resources used to produce the product.
B. taste and preference.
C. changes in expectations of future relative prices.
D. income.
Answer: A
Economics
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At an equilibrium price for gasoline,
a. everyone with the desire and the income to buy gasoline at that price can do so. b. surpluses are inevitable. c. inherent market forces will eventually change the quantities demanded and supplied. d. suppliers must be using the most efficient oil-drilling equipment available.
Economics