Sia
Question
Statistics
Posted 10 months ago
All of the following influence whether a consumer buys more of a good EXCEPT:
Choose 1 answer:
(A) whether or not it is legal to buy more of the good
(B) how much income the consumer has to spend
(C) a change in the good's price
(D) how much the consumer previously spent on the good
(E) how much other goods cost
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Answer from Sia
Posted 10 months ago
Solution by Steps
step 1
Identify the factors that typically influence consumer buying behavior in economics. These include income, price changes, and costs of other goods
step 2
Recognize that legal aspects, such as whether it is legal to buy more of the good, do not typically influence the quantity of the good that a consumer buys, but rather whether they can buy it at all
step 3
Determine which of the given options is not a typical factor influencing the quantity of a good that a consumer buys
Answer
A
Key Concept
Factors influencing consumer buying behavior
Explanation
The question asks for the factor that does not influence whether a consumer buys more of a good. Legal aspects determine the legality of the purchase itself, not the quantity purchased, making it the correct answer.
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