Business, 25.01.2020 00:31 jamie316

Which of the following would not change demand? a. the income of the consumers. b. the price of related products. c. the price of the product. d. information about the product's health effects.

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Answer from: quinteroalex2001

Option (c) is correct.

Explanation:

Option A:

Income of the consumer is related to the normal and inferior goods.

If there is an increase in the income level of the consumer then as a result the demand for normal good increases and there is a rightward shift in the demand curve of normal good.

Option B:

Price of related goods: substitute goods and complimentary goods.

For example,

If there is an increase in the price of one good then as a result the demand for the substitute good increases which will shift the demand curve of substitute goods rightwards.

Option C:

If there is an increase in the price of the product then as a result the quantity demanded for that product decreases. This shows that price of the product would not change the demand but the quantity demand.

Answer from: Quest

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Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

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Which of the following would not change demand? a. the income of the consumers. b. the price of rel...

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