An increase in demand for good X could be caused by a decrease in the price of X.

Name: An increase in demand for good X could be caused by a decrease in the price of X.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A decrease in the price of good X would typically lead to an increase in the quantity demanded, not an increase in demand. Demand refers to the entire demand curve, which shifts due to factors like consumer preferences, income, or prices of related goods, not the price of the good itself.

An Increase in Demand for Good X Could Be Caused