If the Number of Consumers for a Good Increases, Demand

question 147

Multiple Choice

If the number of consumers for a good increases, demand will ______

• A) increase.
• B) decrease.
• C) not change.
• D) stay the same, but price will increase.
• E) stay the same, but price will decrease.

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Definitions:

Peripheral Route

A method of persuasion that relies on superficial cues rather than the substantive quality of the message, part of the Elaboration Likelihood Model of persuasion.

Autopilot

A mode of operation where an individual performs tasks automatically without conscious thought, typically due to habit or familiarity.

Heuristic Processing

A mental shortcut that allows people to solve problems and make judgments quickly and efficiently, but sometimes at the cost of accuracy or logic.

Background Music

Music that is played in a space primarily to create or enhance a mood or atmosphere, rather than for active listening.