Which of the Following Increases the Demand for a Good

question 20

Multiple Choice

Which of the following increases the demand for a good?

• A) a rise in the price of a complement
• B) the expectation that future income will be higher
• C) an increase in income, assuming the good is an inferior good
• D) a decrease in the number of buyers
• E) a fall in the price of a substitute

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Definitions:

Basic Needs

Fundamental requirements for human survival and well-being, including food, water, shelter, and safety.

Air

The invisible gaseous substance surrounding the earth, a mixture mainly of oxygen and nitrogen.

Food

Substances consumed to provide nutritional support for an organism, essential for growth and the maintenance of life.

Family-Centered Care

An approach to healthcare that respects the importance of family involvement and partnership in a patient's care and decision-making process.