2022 · Q60
Which one of the following does not influence quantity demanded for a good?
General KnowledgeIndian Economy
- AGood's own price
- BPrice of a complementary good
- CPrice of a substitute good
- DPrices of inputs into production of the good
Explanation
Quantity demanded of a good depends on its own price and on the prices of substitutes and complements. Prices of production inputs affect the cost of supply, not the quantity demanded.