Which of the following would cause a change in the quantity demanded of a product?
A) a higher price
B) a higher income
C) expectations of future price increases
D) All of the above are correct.

Question

Quizplus · Accepted Answer

A higher price will cause a decrease in the quantity demanded of a product, due to the law of demand. Higher income and expectations of future price increases can affect consumer behavior and influence demand, but they do not directly cause a change in the quantity demanded of a product.

Which of the Following Would Cause a Change in the Quantity