Which development would most likely cause the demand for a product to increase A. The number of consumers in a market decreases.

Question

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Which development would most likely cause the demand for a product to increase A. The number of consumers in a market decreases.

B. Consumers expect the price to fall in the near future. ОО C. Consumer demand for a complementary good increases. D. Consumer preferences shift away from the product

Social Studies

1 answer:

drek231 [11] · Answer 1 · 2022-05-04T18:06:38+03:00

Answer: C. Consumer demand for a complementary good increases.

Explanation:

Complementary goods are those goods that adds value to other goods. With the increase in demand of main good the demand for another good will also increase. The demand increases with increase in usage of the good by the consumer and requirement in scarcity or shortage. For example, the DVD to be played requires a DVD player. The DVD and DVD player are complementary goods.