16
QuizMultiple Choice

The Law of Supply and Demand — Quiz

Question 16 • Personal Finance and Economics

A factor that most directly affects the demand for automobiles is

Answer
A
the availability of workers in automobile factories.
B
a company's ability to respond to buyers' interest.
C
the cost of raw materials and natural resources.
D
the individual tastes and preferences of buyers.

Explanation

Demand describes how much of a product buyers are willing and able to purchase. Individual tastes and preferences directly affect buyers’ desire for automobiles; worker availability, raw-material costs, and a company’s ability to respond are more directly related to production or supply.

AI-written and checked against the verified answer.

Previous
Next