Which of the Following Increases the Demand for a Good

question 135

Multiple Choice

Which of the following increases the demand for a good or service?

• A) a fall in the price of the good or service
• B) a smaller number of consumers wanting to buy the good or service
• C) a rise in the price of the good or service
• D) a rise in the price of a substitute good or service
• E) a rise in the price of a complement

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Definitions:

Gross Private Domestic

The total value of all goods and services produced within a country by the private sector during a specific time period, excluding net income from foreign investments.

Investment

The allocation of resources, usually financial, into assets or projects expected to yield profits or generate growth over time.

Corporate Stock

Equity securities issued by corporations to raise capital, representing ownership interests in the company.

Investment

Involves allocating resources, usually money, with the expectation of generating an income or profit.