Demand is measured not only by consumer desire for a product, but also by compet

Question

Demand is measured not only by consumer desire for a product, but also by competition for the consumer. demand for all similar products. opportunity costs. ability and willingness to buy the product. As a consumer, if the price of apples doubles and your salary remains the same, you would probably buy more apples. buy the same number of apples. buy fewer apples. buy more complementary goods. If the price of a product decreases and consumers buy more of the product, a change in demand has taken place. a change in quantity demanded has taken place. the product is a complementary product. there has been an increase in demand. The satisfaction a consumer enjoys by purchasing one more unit of a product is called marginal utility. personal satisfaction. trade-offs. cause and effect.

Explanation / Answer

1)D 4)A

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