One factor that influences demand is a consumer's ability to buy a good. What is required for a consumer to have the ability to purchase a good?

A.) desire
B.) income
C.) preference
D.) taste

Respuesta :

The answer is income because a person cannot buy a good without a physical means of purchasing the good. 

For a consumer to have the ability to buy a good, there must be income, which will impact the demand for products and services.

What is demand?

It is an economic concept to designate the demand for goods and services that consumers have the need and desire to buy at a defined price through the supply of producers and organizations.

Therefore, income is a factor that influences demand and the balance of the laws of supply and demand, and is therefore essential to increase or decrease the purchasing power and quality of life of individuals.

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