ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Thousands of people leave a small town due to a factory closing down. Sales at the local grocery store become slow. What causes this change?
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Prices or availability of substitutes
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Prices or availability of complementary goods
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Change in the weather or season
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Change in the number of buyers
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Explanation:
Detailed explanation-1: -The factory shutdown causes this migration. The grocery store located in the concerning small town observes a decline in the sales record. Due to the migration of people, the quantities of buyers decline in the town.
There is 1 question to complete.