Question: As people’s incomes increased over the past 100 years more and more people have been visiting the national parks. This is an example of
Options:
An increase in quantity demand
An increase in demand*
A decrease in quantity demanded
A decrease in demand
✅Explanation:
Demand refers to consumers' willingness and ability to purchase a good or service at a given price. In this case, as income rises, more people can afford and are willing to visit national parks. This signifies an increase in overall demand for national park visits.
Demand refers to consumers' willingness and ability to purchase a good or service at a given price. In this case, as income rises, more people can afford and are willing to visit national parks. This signifies an increase in overall demand for national park visits.