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AssignmentMultiple Choice

The Law of Demand

Question 1 • * HSA 26-27 Economics

One factor that influences demand is a consumer's ability to buy a good. What is required for a consumer to have the ability to purchase a good?

Answer
A
desire
B
income
C
preference
D
taste

Explanation

A consumer needs sufficient income to pay for a good. Desire, preference, and taste can influence what someone wants to buy, but they do not provide the money needed to purchase it. The correct choice is income.

AI-written and checked against the verified answer.

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