Decreases in the demand for products can be caused by which of the following?

Question

Quizplus · Accepted Answer

Decreases in population (A) would lead to a decrease in demand as there are fewer people to buy the product. Decreases in income (B) would lead to a decrease in demand as people have less money to spend on the product. Decreases in the prices of substitute goods (C) would lead to a decrease in demand as people may switch to the cheaper substitute instead. Therefore, all of the above (D) can cause a decrease in demand for products.

Decreases in the Demand for Products Can Be Caused by Which