What Might Be the Reason When Quantity Demanded Has Increased

question 122

Multiple Choice

What might be the reason when quantity demanded has increased at every price?

• A) The number of buyers in the market has decreased.
• B) Income has increased and this good is an inferior good.
• C) The consumer prefers another good more than this good.
• D) The price of a substitute good has increased.

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Definitions:

Right to Payment

The entitlement to receive a certain amount of money, typically as a result of a contract or agreement.

Assignee

The person or entity to whom rights, interests, or properties are legally transferred.

Rights to Payment

Legal entitlements to receive money from another party, either through contractual agreement or as compensation for damages.

Personal in Nature

Characteristics or belongings that are intimately related to an individual's private life or identity.