(See Steps) What effect will each of the following have on the demand for product B? Product B becomes more fashionable. The price of substitute product


Question: What effect will each of the following have on the demand for product B?

  1. Product B becomes more fashionable.
  2. The price of substitute product C falls.
  3. Income declines and product B is an inferior good.
  4. Consumers anticipate the price of B will be lower in the near future.
  5. The price of complementary product D falls.

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