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Question 7 of 20
Demand for a product is most likely to increase because:
A. the total number of consumers in a market declines.
B. the product becomes unfashionable for consumers.
C. demand for complementary goods rises.
D. consumers expect the future price to decline.
SMIT



Answer :

GinnyAnswer

Final answer:

Factors such as changing consumer preferences and expectations about future prices can lead to an increase in the demand for a product.


Explanation:

Demand for a product is most likely to increase because:

  1. The product becomes unfashionable for consumers.
  2. Demand for complementary goods rises.
  3. Consumers expect the future price to decline.

Changes in expectations about future prices, tastes, preferences, income, or other factors can significantly impact demand for a product.


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