A change in which variable will change the market demand for a product?
A)the price of the product
B)population
C)technology
D)the prices of substitutes in production

Question

Quizplus · Accepted Answer

Population is a key factor that affects the market demand for a product. If the population increases, demand for the product will increase, and vice versa. Therefore, a change in population can lead to a change in market demand for a product. The price of the product (A), technology (C), and the prices of substitutes in production (D) may all affect the demand for the product indirectly, but not directly.

A Change in Which Variable Will Change the Market Demand