Which of the Following Would Most Likely Not Cause Market

question 394

Multiple Choice

Which of the following would most likely not cause market demand for a normal good to decline?

• A) An increase in the price of a substitute.
• B) An increase in the price of a complement.
• C) A decline in consumer income.
• D) Consumer expectations that the good will go on sale in the near future.
• E) An announcement by the Surgeon General that the product contributes to premature death.

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Definitions:

Interconnected

The state of being connected with each other, referring to systems, devices, or networks that communicate and work together.

Interdependent

Mutually reliant on each other, where the actions or outcomes of one entity or process affect another.

Wirelessly

Refers to the transfer of information or power between two or more points that are not connected by an electrical conductor.

Biometrics

A method of identifying individuals based on physical or behavioral characteristics, used for security and access control.