Question

. All of the following will change demand for a product except: A) A change in consumer income.

B) A change in the price of the product.
C) A change in consumer preferences.
D) A change in the price of a substitute product.

Answer 1

The answer is D) A change in the price of a substitute product. A change in the price of a substitute product will affect the demand for a product, as consumers may switch from the original product to a cheaper substitute.