Which of the Following Would Not Cause Market Demand for a Normal

question 227

Multiple Choice

Which of the following would not cause market demand for a normal good to decline?

• A) An increase in the price of a substitute.
• B) An increase in the price of a complement.
• C) A decline in consumer income.
• D) Consumer expectations that the good will go on sale in the near future.
• E) An announcement by the Surgeon General that the product contributes to premature death.

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Definitions:

Closed Systems

A system with limited exchanges of matter or energy with its environment, constrained by fully controlled boundaries.

Ascribed Characteristics

Traits that individuals are born with or that are assigned to them by others, including race, ethnicity, and gender, that significantly affect their social experiences.

Ethnicity And Gender

Aspects of social identity that influence one's experiences and opportunities based on cultural background and societal roles associated with being male or female.

Social Stratification

The arrangement or classification of society into hierarchical layers based on factors like wealth, power, and social status.