An Increase in Demand for a Good Can Be Caused

question 47

Multiple Choice

An increase in demand for a good can be caused by

• A) a decrease in the price of a substitute good.
• B) a reduction in income if the good is a normal good.
• C) a decrease in the price of a complementary good.
• D) an increase in price of a complementary good.

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Definitions:

Subcontractors

External businesses or individuals hired by a main contractor to perform specific tasks or services as part of a larger project.

Public Relations

A strategic communication process that builds mutually beneficial relationships between organizations and their publics.

Standards

are established norms or requirements aimed at ensuring products, services, or systems are safe, reliable, and consistently perform as expected.

Deadlines

Specific dates or times by which tasks, projects, or objectives need to be completed.