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.

---

Definitions:

Jargon

Specialized terminology associated with a specific field or area of activity that may be difficult for outsiders to understand.

Requesting Action

The act of asking someone to perform a specific task or duty.

Rebate

A partial refund following the purchase of a product, often used as a purchase incentive.

Discount

A reduction applied to the usual cost of goods or services, typically to encourage purchasing.