Which of These Statements About the Factors That Influence Demand

question 173

Multiple Choice

Which of these statements about the factors that influence demand is true?

• A) As the availability of close substitutes increases, the demand for a product increases.
• B) As real consumer income increases, the demand for a product increases.
• C) As the price of close substitutes increases, the demand for a product declines.
• D) Changing consumer tastes have little impact on the demand for a product.
• E) As real consumer income decreases, the demand for a product increases.

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