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Question 10 of 20

Demand for a product is most likely to increase because:

• A. a product's price is rumored to rise in the future.

• B. demand for complementary goods decreases.

• C. consumers develop a preference for a competing product.

• D. the total number of customers in a market declines.

Answer

A. a product's price is rumored to rise in the future.

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When a product's price is rumored to rise in the future, consumers may be motivated to purchase the product now to avoid paying a higher price later...