Which of the following factors will lead to a decrease in the demand for apple juice (Apple juice is considered to be a normal good):
A)An increase in the price of apple juice.
B)An increase in the price of apples.
C)The expectation by consumers that the price of apple juice is likely to decrease.
D)A decrease in consumers' average income.
E)An increase in the price of orange juice.

Question

Which of the following factors will lead to a decrease in the demand for apple juice (Apple juice is considered to be a normal good): 
A)An increase in the price of apple juice.
B)An increase in the price of apples.
C)The expectation by consumers that the price of apple juice is likely to decrease.
D)A decrease in consumers' average income.
E)An increase in the price of orange juice.

Quizplus · Accepted Answer

The Answer of Which of the following factors will lead to a decrease in the demand for apple juice (Apple juice is considered to be a normal good): 
A)An increase in the price of apple juice.
B)An increase in the price of apples.
C)The expectation by consumers that the price of apple juice is likely to decrease.
D)A decrease in consumers' average income.
E)An increase in the price of orange juice.

Which of the Following Factors Will Lead to a Decrease