A change in the composition of the population will generally

Question

Quizplus · Accepted Answer

A change in the composition of the population, such as an increase in the proportion of elderly people, can lead to a change in demand even if the size of the population remains the same. This is because different age groups have different needs and preferences, leading to changes in the demand for various goods and services. For example, an increase in the proportion of elderly people may lead to an increase in demand for healthcare services and pharmaceuticals.

A Change in the Composition of the Population Will Generally