What effect does an increase in consumer preferences for a product have on its d

Practice Questions

Q1
What effect does an increase in consumer preferences for a product have on its demand?
  1. Demand decreases
  2. Demand increases
  3. Demand becomes elastic
  4. Demand remains unchanged

Questions & Step-by-Step Solutions

What effect does an increase in consumer preferences for a product have on its demand?
No concepts available.
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely