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Non-price change on the demand side of market

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Reference no: EM133341288

Causes of Shifts in Demand Determine the outcome of a non-price change on the demand side of the market. Suppose a non-price factor of demand for a product has recently changed.

Which of the following may have caused a decrease in demand?

a. Buyers expect the product's price to fall in the near future.

b. The price of a substitute product increases.

c. Consumer income rises.

d. The price of a complement product decreases.

Reference no: EM133341288

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