Solved

The Quantity of a Good Demanded Tends to Increase as Its

Question 104

Multiple Choice

The quantity of a good demanded tends to increase as its price falls because:


A) ​a decrease in price shifts the demand curve to the right.
B) ​a decrease in price shifts the demand curve to the left.
C) ​a decrease in price shifts the supply curve to the right.
D) ​a decrease in price leads consumers to substitute toward this now relatively cheaper product.

Correct Answer:

verifed

Verified

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

Related Questions