Which of the Following Factors Will Decrease the Current Demand

question 299

Multiple Choice

Which of the following factors will decrease the current demand for a product?

• A) an expected increase in the future price of the product
• B) a decrease in the current price of a substitute product
• C) a decrease in the current price of a complementary product
• D) an increase in the current price of a substitute product

---

Definitions:

Probability Density Function

A function that describes the relative likelihood for a continuous random variable to take on a given value.

Uniform Distribution

Describes a situation in which all outcomes are equally likely, such as the roll of a fair die.

Waiting Time

The duration a customer or a process has to wait before its service begins or a specific event occurs, often analyzed in queue theory and operations research.

Probability Density Function

A function that represents the probability of a random variable assuming a specific value.