A Fall in the Demand for Commodity X Can Be

question 20

Multiple Choice

A fall in the demand for commodity X can be caused by

• A)a fall in the price of a substitute.
• B)a fall in the price of a complement.
• C)a rise in the price of a substitute.
• D)a redistribution of income to groups who favor this commodity.
• E)none of the above.

---

Definitions:

Predict

The act of making an educated guess about the future based on current data or trends.

Inferential Statistics

A branch of statistics that allows for making predictions or inferences about a population based on a random sample from that population.

Academic Achievement

The extent of a student's success in meeting short- or long-term goals in education, often measured by grades, tests, or degree completion.

Larger Population

A term referring to a bigger group or number of individuals within a specified area or demographic.