An increase in demand could arise from which of the following factors
A)an increase in income
B)a decrease in the price of a substitute
C)an increase in the price of a complement
D)all of the above

Question

​An increase in demand could arise from which of the following factors
A)​an increase in income
B)a decrease in the price of a substitute
C)an increase in the price of a complement
D)​all of the above

Quizplus · Accepted Answer

An increase in income generally leads to an increase in demand for normal goods, as consumers have more purchasing power.

​An Increase in Demand Could Arise from Which of the Following

An Increase in Demand Could Arise from Which of the Following