Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Connect with a community of experts ready to provide precise solutions to your questions on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
Answer:
B. the total number of consumers in a market declines.
Explanation:
The demand for a product is affected by several factors such as price of the product, number of consumers, consumer income, consumer tastes and preferences, and the price of related goods.
Demand for a product is directly connected with the number of consumer in the market, if number of consumer in the market decreases automatically the demand for product will decrease.
While greater preference for the product and more demand for a complementary good will increase the demand for a product.
Hence, the correct answer is "B. the total number of consumers in a market declines.".
We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.
