Which of the Following Increases the Demand for a Normal

question 172

Multiple Choice

Which of the following increases the demand for a normal good?

• A) a decrease in income
• B) a decrease in the price of a substitute
• C) an increase in the price of a complement
• D) the price of the good is expected to increase in the future

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Definitions:

Selling Price

The final amount of money charged for a product or service, or the amount the consumer is willing to pay.

Markup Percent

The percentage increase over the cost price of a product to calculate the selling price.

Selling Price

The actual price at which a product or service is sold to the customer.

Camping Equipment

Gear or tools specifically designed for use while camping, including tents, sleeping bags, and portable cooking devices.