All of the Following Except One Will Cause the Demand

question 116

Multiple Choice

All of the following except one will cause the demand for a normal product to decrease.Which is the exception?

• A)The expectation by consumers that the future price will be higher.
• B)The fear of consumers of a future recession.
• C)An increase in the price of a complementary product.
• D)A decrease in the price of a substitute product.
• E)A decrease in consumer incomes.

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Definitions:

Biological Influences

Factors that affect an organism, individuals, or species from a biological standpoint, including genetics, brain chemistry, and physical health.

Psychoanalysis

The system of psychotherapy developed by Freud that focuses on uncovering the unconscious material responsible for a patient’s disorder.

Behaviorism

A theory in psychology that focuses on observable behaviors and dismisses mental states as irrelevant.

Behavior Approach

A theory in psychology focusing on observable behaviors rather than on the internal mental state, emphasizing the learning processes that lead to changes in behavior.