Population changes are a key determinant of demand for goods and services.

Name: Population changes are a key determinant of demand for goods and services.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Population changes can impact the demand for goods and services as the size and makeup of the population directly affects the number of potential consumers. An increase or decrease in population can lead to a corresponding increase or decrease in demand for various goods and services, such as housing, healthcare, and education.

Population Changes Are a Key Determinant of Demand for Goods