Which of the Following Increases the Demand for a Good

question 20

Multiple Choice

Which of the following increases the demand for a good?

• A) a rise in the price of a complement
• B) the expectation that future income will be higher
• C) an increase in income, assuming the good is an inferior good
• D) a decrease in the number of buyers
• E) a fall in the price of a substitute

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Definitions:

Jurisdiction

Jurisdiction refers to the official power or authority of a legal body to make decisions and judgments in certain geographical areas or over specific types of legal cases.

Parties

Individuals, groups, or entities that engage in a legal agreement or are involved in a lawsuit.

Long-Arm Statute

Legislation that allows for the service of process beyond a state's borders if a party has sufficient connection to the state bringing the suit.

Jurisdiction

The official power or authority to make legal decisions and judgments, often within a specific geographic area or over particular types of cases.