Factors Affecting Demand - SS1 Economics Past Questions and Answers - page 1
1
Which of the following factors affect demand?
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A
Income, tastes, and preferences
B
Cost of production, government policies, and technology
C
Availability of raw materials, transportation costs, and taxes
D
All of the above
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2
Which of the following is not a factor affecting demand?
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A
Availability and price of substitutes
B
Government policies
C
Production costs
D
Consumer preferences and tastes
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3
Which of the following is an example of a government policy that can affect demand?
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A
Tax on cigarettes
B
Release of a new iPhone model
C
A celebrity endorsement of a product
D
None of the above
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4
What are the three factors that affect demand? Explain how each factor affects demand.
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