Options C and D are the correct answers. The demand for a normal good would likely increase due to an increase in the number of buyers and an increase in the price of complementary goods.
What is the demand?
- Request in financial matters alludes to a consumer's status to pay a specific cost for products and administrations as well as their want to purchase them.
- Demand for a good or service typically declines when its price goes up.
- Agreeing to the financial rule known as the law of request, client request for a great increments when costs are moo and diminishes when costs are tall.
- When shoppers rush to purchase goods at steep prices during Black Friday bargains, the law of demand is in effect.
- The connect between supply and request is significant since it makes a difference to set up the costs and accessibility of the lion's share of merchandise and administrations in a given showcase.
- The interaction between supply and request inevitably equalizations out in understanding with the fundamentals of a advertise economy.
Options C and D are the correct answers. The demand for a normal good would likely increase due to an increase in the number of buyers and an increase in the price of complementary goods.
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