Which of the Following Explains Why the Quantity of a Good

question 150

Multiple Choice

Which of the following explains why the quantity of a good demanded decreases when its price increases?

• A)​Consumer preferences change when the price of a good changes.
• B)​The nominal income of consumers falls when the price of a good increases.
• C)​Substitutes become relatively cheaper when the price of a good increases.
• D)​Complements become relatively cheaper when the price of a good increases.

---

Definitions:

Childhood Asthma

A common respiratory condition in children characterized by inflammation and narrowing of the airways, causing difficulty breathing, coughing, and wheezing.

Respiratory Problems

Health issues related to the lungs and breathing, such as asthma, bronchitis, or chronic obstructive pulmonary disease.

Family History

A record of a person's ancestors, genetic information, and relationships within a family.

Lower SES

Refers to individuals or groups situated at the lower end of the socioeconomic spectrum, often determined by income, education, and occupation.