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A characteristic of demand for a good, service, or resource other than its own market price is:_____.

Sagot :

A characteristic of demand for a good, service, or resource other than its own market price is a non-price determinant.

What are non-price determinants?

Non-price determinants are factors that affect the demand for a good other than the price of the good. Change in the non-price determinant lead to a change in demand. Changes in non-price determinants lead to a shift of the demand curve.

Non-price determinants include:

  • Income of the consumer
  • Weather
  • Change in the price of other goods
  • Change in consumer taste.

To learn more about non-price determinants, please check: https://brainly.com/question/17139199

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