The price paid by a consumer for a particular good is most influenced by which of the following?
A.
the age of the average consumer
B.
the city where the good is produced
C.
the length of time it takes to produce the good
D.
the price of the resource that goes into producing the good

Question

The price paid by a consumer for a particular good is most influenced by which of the following?
A.
the age of the average consumer
B.
the city where the good is produced
C.
the length of time it takes to produce the good
D.
the price of the resource that goes into producing the good

dantefemboy · Answer

I thought through this one hard but can't seem to find the answer.

paki · Answer

what you guess about the answer here... ?

dantefemboy · Answer

Thats the thing @paki. I researched and thought hard. I just can't seem to find it.

paki · Answer

you know supply and demand...?

dantefemboy · Answer

Bud it has been long since I have even thought about supply and demand.

paki · Answer

have a look here... and tell me then.... https://courses.byui.edu/econ_150/econ_150_old_site/lesson_03.htm

dantefemboy · Answer

So i'm guessing D.

paki · Answer

agree with D too...

dantefemboy · Answer

It was D. Thanks./

paki · Answer

pleasure...