Economics

Question

Demand for a product is most likely to decrease because:

• A. demand for a complementary good increases.

•

B. the total number of consumers in a market declines.

• C. customers develop a greater preference for the product.

• D. the future price of the product is rumored to be lower.

Answer

B. the total number of consumers in a market declines.

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Demand for a product is most likely to decrease when the total number of consumers in a market declines. This is because fewer consumers in the market means fewer...