An increase in each of the following factors would normally provide a subsequent increase in quantity demanded,except: A) price of substitute goods B) level of competitor advertising C) consumer income level D) consumer desires for goods and services E) a and b

Question

Quizplus · Accepted Answer

An increase in the level of competitor advertising would likely decrease the quantity demanded for the original product, as it could shift consumer preference towards the competitor's product.

An Increase in Each of the Following Factors Would Normally