Which of the following is a determinant of demand that would cause demand to increase? Income increases and the product is an inferior good. The price of a substitute decreases. The price of the product decreases. Income increases and the product is a normal good.

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 2QFR
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Which of the following is a determinant of demand that would cause demand to increase?
Income increases and the product is an inferior good.
The price of a substitute decreases.
The price of the product decreases.
Income increases and the product is a normal good.
Transcribed Image Text:Which of the following is a determinant of demand that would cause demand to increase? Income increases and the product is an inferior good. The price of a substitute decreases. The price of the product decreases. Income increases and the product is a normal good.
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