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Marreo Parks
on Oct 12, 2024

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Changes in demand are caused by each of the following except

A) changes in income.
B) changes in the prices of related goods and services.
C) changes in tastes and preferences.
D) changes in supply.

Changes in Income

Variations in the amount of earnings received over a period of time, which can affect consumption, savings, and investment behaviors in an economy.

Tastes and Preferences

Factors that influence consumer decision-making, determining the goods or services consumers demand.

Prices of Related Goods

Refers to how the cost of one good or service can affect the demand for another, reflecting the substitution or complementary relationship between them.

  • Ascertain the factors responsible for modifications in demand curves.
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Mellissa RamirezOct 17, 2024
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