Read the two statements and choose the correct option.
I. Market demand can rise even if no buyer's own demand changes.
II. Market demand depends on how income is distributed among buyers.

Only ICorrect answerYour answerOnly IICorrect answerYour answerBoth I and IICorrect answerYour answerNeither I nor IICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

I is true: new buyers entering raise the total.
II is true: moving income from one group to another changes which goods are demanded and how much.

Ten questions from Demand & Its Determinants, at your own pace.

Ten questions from Demand & Its Determinants, at your own pace.

Read the two statements and choose the correct option.I. Market demand can rise even if no buyer's own demand changes.II. Market demand depends on how income is distributed among buyers.