Market demand for any good is a function of the ______.

price per unit of the good

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price per unit of other goods

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income of consumers

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all of the above

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Solution

The correct option is D all of the above
Market demand for any good depends on the price of that good, features of the consumers of that good. Price of other goods as there might be goods that can substitute this good in a lower price.

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Market demand for any good is a function of the ______.

The correct option is D all of the aboveMarket demand for any good depends on the price of that good, features of the consumers of that good. Price of other goods as there might be goods that can substitute this good in a lower price.

The correct option is D all of the above
Market demand for any good depends on the price of that good, features of the consumers of that good. Price of other goods as there might be goods that can substitute this good in a lower price.