Which of the Following Brings Only an Increase in the Quantity

question 217

Multiple Choice

Which of the following brings only an increase in the quantity demanded of a good?

• A) a decrease in income, assuming the good is an inferior good
• B) a rise in the price of a substitute good
• C) a fall in the price of the good itself
• D) an expectation that the good's price will rise in the future
• E) a decrease in income, assuming the good is a normal good

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Definitions:

Team-Based Decision Making

A collaborative approach to decision-making where the members of a team collectively make decisions, tapping into diverse perspectives and expertise.

Design Engineers

Professionals who use creativity and technical knowledge to develop new products or improve existing ones.

Constraints

are limitations or restrictions that affect the performance and outcomes of processes, projects, or behaviors.

Nominal Group Technique

An organized approach to collective idea generation that promotes input from all participants.