Contraction of demand is the result of:
A. decrease in the number of consumers.
B. increase in the price of goods concerned.
C. increase in the prices of other goods.
D. decrease in the income of purchasers.
Answer:B
Contraction of demand is the result of:
A. decrease in the number of consumers. B. increase in the price of goods concerned. C. increase in the prices of other goods. D. decrease in the income of purchasers.