Which of the Following Statements About the Factors That Influence

question 62

Multiple Choice

Which of the following statements about the factors that influence demand is true?

• A)As the availability of close substitutes increases, the demand for a product increases.
• B)As real consumer income increases, demand for a product increases.
• C)As the price of close substitutes increases, demand for a product increases.
• D)Changing consumer tastes have little impact on demand for a product.

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