menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Modern Principles Microeconomics
  4. Exam
    Exam 4: Equilibrium
  5. Question
    When the Price of a Good Decreases
Solved

When the Price of a Good Decreases

Question 197

Question 197

Multiple Choice

When the price of a good decreases:


A) the quantity demanded increases.
B) demand increases.
C) the quantity supplied increases.
D) supply increases.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q192: Figure: Demand Shift <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3377/.jpg" alt="Figure: Demand

Q193: Use the following to answer questions:<br>Figure: Market

Q194: How did the spread of the Internet

Q195: If sellers want to sell more products

Q196: Use the following to answer questions:<br>Figure: Price

Q198: An increase in quantity demanded is a

Q199: In a free market equilibrium, prices and

Q200: Why is the world unlikely to ever

Q201: Imagine a free market in equilibrium. After

Q202: If demand decreases, ceteris paribus, the quantity

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines