Author Question: Which of the following is a non-price determinant of demand? A) income B) tastes and preferences ... (Read 42 times)

strangeaffliction · **on:** Jun 29, 2018

Which of the following is a non-price determinant of demand?

A) income
B) tastes and preferences
C) prices of related goods and services
D) All of the above are correct.

Question 2

A common approach that economists use to understand, explain and predict economic phenomena is to

A) form a theory or model.
B) conduct experiments in a science lab.
C) ask what people think.
D) examine people's thought processes.