The Demand for a Good Will Increase If

question 40

Multiple Choice

The demand for a good will increase if:

• A)there is a decrease in the price of the good.
• B)the price of inputs needed in the production of the good decrease.
• C)there is an increase in the number of consumers in this market.
• D)the price of a complementary good increases.

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Definitions:

Learning

The process through which experience causes a change in knowledge, behavior, or potential behavior.

Rewarded Behaviour

A consequence or incentive given to promote a desired action or conduct.

Mere Observation

The process of learning or gaining insights by simply watching events or phenomena without direct involvement or interaction.

Violent Model

An example or representation that exhibits aggression and is used as a behavior guide in observational learning.