An Increase in the Number of Consumers in a Market

question 162

Multiple Choice

An increase in the number of consumers in a market would cause

• A) an increase in quantity demanded.
• B) an increase in quantity supplied.
• C) an increase in demand.
• D) an increase in supply.

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Definitions:

Modest Correlation

A statistical relationship between two variables that is present but not strong, indicating a limited degree of association.

Concerned Citizen

An individual who shows care or worry about issues affecting their community or society at large.

Trustworthiness

The quality or attribute of being reliable, dependable, and deserving of trust.

Credibility

The quality of being trusted and believed in, often considered in the context of individuals, organizations, or information.