ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An increase in demand can result from:
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A decline in the market price
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An increase in income
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A reduction in the price of substitutes
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An increase in the price of complements
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Explanation:
Detailed explanation-1: -An increase in demand can be caused by: An increase in the number of consumers. An increase in income. An increase in the price of a substitute product.
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