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:

Treason

The crime of betraying one's country, particularly by attempting to kill the sovereign or overthrow the government.

Burr

A reference to Aaron Burr, the third Vice President of the United States, known for killing Alexander Hamilton in a duel and for his controversial political career.

Northwest Territory

A historic region of the United States that encompassed the area northwest of the Ohio River, established as a territory in 1787 and played a key role in westward expansion.