APFIVE Determinants Of Demand
Which of the following is an example of a determinant of demand?
A
A technological innovation that boosts manufacturing output without affecting consumer preferences.
B
An increase in the cost of raw materials that raises production costs and reduces supply.
C
A change in consumer tastes favoring organic vegetables, which increases their demand at every price level.
D
A government policy that subsidizes producers without directly impacting consumer buying behavior.
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