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Questions and Answers
Which factor determines the demand for a contingent good?
Which factor determines the demand for a contingent good?
- The demand for a related good (correct)
- The cost of production
- The advertising strategy
- The government regulations
What is a contingent good?
What is a contingent good?
- A good that is always in high demand
- A good that is only available during certain seasons
- A good whose demand is dependent on the demand for another good (correct)
- A good that is produced in limited quantities
What is an example of a contingent good?
What is an example of a contingent good?
- Toothpaste
- Salt
- Umbrellas
- Hot dog buns (contingent on hot dogs) (correct)
