Which of the following will not cause demand for apples to increase or decrease? a reduction...
Which of the following will not cause demand for apples to increase or decrease?
a reduction in the price of a complement for apples.
a reduction in the price of apples
a decrease in the number of consumers in the market.
an increase in income.
Homework Answers
Any change in demand of good (either increase or decrease) happened due to change in other factors except than price of that good, the change is denoted as increase in demand (if demand increase) or decrease in demand (if demand decreases).
And, any change in demand of good (either increase or decrease) happened due to change in price of that good only, keeping other factor unchanged, the change is denoted as increase in quantity demanded ( if demand increases) or decrease in quantity demanded (if demand decreases).
Thus, increase or decrease in demand for apples will not be happen by reduction in the price of apple.
So, the correct answer is an option (b). I e., A reduction in price of apple.
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