All of the following,except one,would cause an increase in demand for a normal product.Which is the exception?
A)An increase in consumers' incomes.
B)An increase in the price of a substitute product.
C)An increase in the size of the market.
D)Consumer expectations of a lower future price for the product.

Question

Quizplus · Accepted Answer

Consumer expectations of a lower future price for the product would decrease demand, as consumers would delay their purchases in anticipation of a cheaper price. The other options all indicate an increase in consumer demand for the product.

All of the Following,except One,would Cause an Increase in Demand