According to the Law of Demand, If a Firm Reduces

Multiple Choice

According to the law of demand, if a firm reduces the price of its good:

A) consumers in the market will demand more units of the good.
B) some consumers will exit the market.
C) consumers will demand fewer units than before the price cut.
D) the quantity of goods produced and sold by the firm will decline.
E) competing firms will reduce prices.