Which of the following factors will decrease the current demand for a product?
A. An expected increase in the future price of the product
B. A decrease in the current price of a substitute product
C. A decrease in the current price of a complementary product
D. An increase in the current price of a substitute product
Answer: B
You might also like to view...
Which of the following helps explain why the law of supply exists?
A) Larger outputs result in lower costs of production. B) The law of increasing opportunity cost C) The costs of production remain constant throughout all levels of output. D) Sellers realize that if the price increases, they make larger profits and do not need to change their production. E) The law of demand
Which of the following is included in a nation's capital and financial account?
I. the purchase of foreign stocks and bonds II. the sale of foreign stocks and bonds III. importing a piece of capital equipment A) I only B) I and II C) III only D) I, II and III
The repo market is most closely related to the
A) federal funds market. B) Treasury bond market. C) Treasury note market. D) commercial paper market.
Cleaning an environment may lead to: a. less production. b. higher prices
c. lower incomes. d. all of the above.