If the Demographics of Consumers in the Market for a Good

question 123

Multiple Choice

If the demographics of consumers in the market for a good change, demand will ______

• A) decrease.
• B) increase.
• C) increase or decrease.
• D) stay the same, but price will increase.
• E) stay the same, but price will decrease.

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Definitions:

Check Register

A record, often part of a checkbook, that allows individuals to track checks written, deposits made, and current balances.

ATM

An Automated Teller Machine, a banking terminal that allows customers to perform financial transactions, such as cash withdrawals and deposits, without the need for a human cashier.

Debit

To deduct, to charge; a charge added to existing balance.

Personal Identification Number

A unique numerical code used in securing access to accounts or systems, often a password or security measure.