Which of the following decrease demand for any good or service?
A. Falling incomes and the product is a normal good.
B. A decrease in the price of a substitute good.
C. Consumer expectations that either prices or income will rise in the future.
D. An increase in the number of buyers.
E. An unfavorable change in consumer tastes.
Answer:
A. Falling incomes and the product is a normal good.
B. A decrease in the price of a substitute good.
E. An unfavorable change in consumer tastes.
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