Question

a reduction in demand for kumquats could be caused by: 1 a rise in the price...

a reduction in demand for kumquats could be caused by:
1 a rise in the price of kumquats
2 a rise in the price of a substitute for kumquats
3 a decline in the price of a complement for kumquats
4 both 1 and 3
5 none of the above
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans.5- none of the above

Option 1 is wrong because it will lead to a reduction in quantity demanded (not reduction in demand) for kumquats.

Option 2 and 3 are wrong because they both lead to a rise in demand for kumquats.

So , option 4 also ruled out.

Hence , correct answer is 5

If you have any doubt feel free to ask.

Don't forget to thumbs up if it helped you.

Add a comment
Know the answer?
Add Answer to:
a reduction in demand for kumquats could be caused by: 1 a rise in the price...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT