Answer to Question #24578 in Microeconomics for saad
A. P* up, Q* down
B. P* up, Q* up
C. P* down, Q* down
D. P* down, Q* up
E. A movement to the right along the demand curve.
Demographic changes greatly influence demand. An increase or decrease in the population of certain groups, such as teenagers or the elderly, will increase or decrease the demand for certain products.
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