What Might Be the Reason When Quantity Demanded Has Increased

question 122

Multiple Choice

What might be the reason when quantity demanded has increased at every price?

• A) The number of buyers in the market has decreased.
• B) Income has increased and this good is an inferior good.
• C) The consumer prefers another good more than this good.
• D) The price of a substitute good has increased.

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Definitions:

Automobile Purchase

The act of buying a car, which involves considering various factors such as price, brand, model, features, and personal preferences.

Marketers

Individuals or entities engaged in creating strategies to promote, sell, and enhance the perception of products or services to target consumers.

Better Price

Refers to a more favorable cost of goods or services, indicating a lower price point for comparable quality.

Commercials

Commercials are short advertisements broadcasted on television, radio, or online platforms aiming to promote products, services, or brands to a wide audience.