In terms of the law of demand, which of the following is said to occur when the price of a good increases?

Answer

The quantity demanded remains the same.

The quantity demanded increases.

The quantity demanded decreases.

There is no affect on the quantity demanded.

Question

Sofia Roberson

20 November, 11:48

+1

Answers (1)

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Monique Strong · Answer 1

The quantity demanded decreases when price increases.

In terms of the law of demand, which of the following is said to occur when the price of a good increases?AnswerThe quantity demanded remains the same.The quantity demanded increases.The quantity demanded decreases.There is no affect on the quantity demanded.