All of the Following Except One Will Cause the Demand

question 116

Multiple Choice

All of the following except one will cause the demand for a normal product to decrease.Which is the exception?

• A)The expectation by consumers that the future price will be higher.
• B)The fear of consumers of a future recession.
• C)An increase in the price of a complementary product.
• D)A decrease in the price of a substitute product.
• E)A decrease in consumer incomes.

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Definitions:

Achievement Level

A measure of one's success in meeting benchmarks of knowledge, skill, or ability in various disciplines.

Sales Target

A specific goal set for a salesperson or team to achieve in a certain timeframe.

Valence

The intrinsic attractiveness or aversiveness of an event, object, or situation.

Acceptability

The degree to which a product, idea, or behavior is perceived as suitable or appropriate by others.