Identify the Reasons Why the Quantity Demanded of a Product

question 1

Multiple Choice

Identify the reasons why the quantity demanded of a product increases as the price of that product decreases.

• A) as the price declines,the real income of the consumer increases
• B) as the price of product A declines,it makes it more attractive than product B
• C) as the price declines,the consumer will always demand more on each successive price reduction
• D) a and b
• E) a and c

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