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10 July, 03:17

A decrease in demand for a good could be caused by:

a. an increase in the income of the consumers of the good,

b. a decrease in the price of a substitute of the good.

C. a decrease in the price of the good.

d. a decrease in the price of a complement of the good.

e. a technological advancement that decreases the cost of production of the good.

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Answers (1)
  1. 10 July, 06:42
    0
    b

    Explanation:

    The answer is b because the substitute or the "off brand" some may call it, in this case is cheaper, which shifts sales to that product while it is cheaper. An example of this, is if you go to the store to buy the same pack of gum you always get, but you see one that is cheaper, so you get that instead.
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Home » Business » A decrease in demand for a good could be caused by: a. an increase in the income of the consumers of the good, b. a decrease in the price of a substitute of the good. C. a decrease in the price of the good. d.
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