Economics · May / June 2021 · Paper 12 · Question 5
2281Demand
What determines a consumer's demand for a product?
- Athe consumer's income ✓, the consumer's willingness to buy the product ✓, the price of the product ✓
- Bthe consumer's income ✓, the consumer's willingness to buy the product ✓, the price of the product ✗
- Cthe consumer's income ✗, the consumer's willingness to buy the product ✓, the price of the product ✓
- Dthe consumer's income ✓, the consumer's willingness to buy the product ✗, the price of the product ✓
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Correct answer: A. the consumer's income ✓, the consumer's willingness to buy the product ✓, the price of the product ✓
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