What Will Cause the Demand for a Normal Product to Decrease

question 165

Multiple Choice

What will cause the demand for a normal product to decrease?

• A)The expectation by consumers that future prices will be higher.
• B)An increase in the price of a substitute product.
• C)An increase in the price of a complementary product.
• D)An increase in income levels.
• E)An increase in the size of the population.

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Definitions:

Validate

To confirm or support the truthfulness or accuracy of something, often involving acknowledgment or acceptance.

Repression

A defense mechanism where unwanted or uncomfortable thoughts, feelings, or desires are unconsciously excluded from consciousness.

Freud

Sigmund Freud was an Austrian neurologist who founded the discipline of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Personality Changes

Alterations in an individual's characteristic patterns of thinking, feeling, and behaving, potentially due to various factors like life events, trauma, or mental health conditions.