When Quantity Demanded Has Increased at Every Price,it Might Be

question 10

Multiple Choice

When quantity demanded has increased at every price,it might be because

• A)the number of buyers in the market has decreased.
• B)income has increased,and the good is an inferior good.
• C)the costs incurred by sellers producing the good have decreased.
• D)the price of a complementary good has decreased.

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Definitions:

Experience

The knowledge or skill acquired by direct observation, participation, or event occurrence over time.

Judgment

The ability to make considered decisions or come to sensible conclusions based on available information.

Compliance

The act of adhering to rules, standards, or laws set by governing bodies or organizational policies.

Duty

A moral or legal obligation to perform or refrain from performing a certain action; often relates to roles in jobs or society.