Which of these statements about the factors that influence demand is true?
A) As the availability of close substitutes increases, the demand for a product increases.
B) As real consumer income increases, the demand for a product increases.
C) As the price of close substitutes increases, the demand for a product declines.
D) Changing consumer tastes have little impact on the demand for a product.
E) As real consumer income decreases, the demand for a product increases.

Question

Quizplus · Accepted Answer

The Answer of Which of these statements about the factors that influence demand is true?
A) As the availability of close substitutes increases, the demand for a product increases.
B) As real consumer income increases, the demand for a product increases.
C) As the price of close substitutes increases, the demand for a product declines.
D) Changing consumer tastes have little impact on the demand for a product.
E) As real consumer income decreases, the demand for a product increases.

Which of These Statements About the Factors That Influence Demand