Multiple Choice
All of the following except one will cause the demand for a normal product to increase.Which is the exception?
A) The expectation by consumers that the future price will be higher.
B) The fear of consumers of a future strike in the industry.
C) An increase in the price of a complementary product.
D) An increase in the price of a substitute product.
E) An increase in consumer incomes.
Correct Answer:
Verified
Correct Answer:
Verified
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