menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 1
  4. Exam
    Exam 5: Consumer Choice: Individual and Market Demand
  5. Question
    Which of the Following Factors Is Always Present in Consumer
Solved

Which of the Following Factors Is Always Present in Consumer

Question 93

Question 93

Multiple Choice

Which of the following factors is always present in consumer decision making?


A) taxes 
B) high prices 
C) scarcity 
D) changing consumer tastes 
E) cost-of-living adjustments to income

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: Consumer's surplus is a measure of how

Q9: When the price of a commodity falls,

Q49: Bob values the utility of a single

Q94: Figure 5-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2282/.jpg" alt="Figure 5-5

Q96: Resolving Adam Smith's diamond-water puzzle involves<br>A)realizing that

Q111: Given a typical demand curve and a

Q122: The slope of the budget line<br>A)always equals

Q181: Use the law of diminishing marginal utility

Q187: If the marginal utility to Juan of

Q204: Any point on the lowest indifference curve

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines