An increase in demand could be caused by
A)a decrease in price.
B)a decrease in income, assuming the good is inferior.
C)buyers expecting the price of the good to fall in the near future.
D)an increase in the price of a complement.

Question

An increase in demand could be caused by
A)​a decrease in price.
B)​a decrease in income, assuming the good is inferior.
C)​buyers expecting the price of the good to fall in the near future.
D)​an increase in the price of a complement.

Quizplus · Accepted Answer

An increase in demand for an inferior good occurs when there is a decrease in income, as consumers tend to buy more of the inferior good when they have less income.

An Increase in Demand Could Be Caused by