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Question
Which of the following statements about the factors that influence demand is true?
A. As the availability of close substitutes increases, the demand for a product increases.
B. As real consumer income increases, the demand for a product increases.
C. As the price of close substitutes increases, the demand for a product declines.
D. Changing consumer tastes have little impact on the demand for a product.
E. As real consumer income decreases, the demand for a product increases.
Answer
This answer is hidden. It contains 235 characters.
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