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Which factor will decrease the demand for a product? An expected increase in the future price of the product A decrease in the price of a substitute product A decrease in the price of a complementary product
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Which factor will decrease the demand for a product?

An expected increase in the future price of the product
A decrease in the price of a substitute product
A decrease in the price of a complementary product
A decrease in buyers' incomes and the product is an inferior good

User Ermagana
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1 Answer

1 vote

Answer:

The factor which will lead to decrease in demand is the unexpected increase in the price of the product.

Step-by-step explanation:

Decrease in demand means that the product is not anymore demanded in the market, in turn the customers shifted to another product which might have low price or the same price due to the unexpected increase in the future price of the product.

User ManueGE
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