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

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.

nurali · Answer

i think  If the price increases and it becomes more expensive then it depends on how bad the product is wanted, normally quantity would decrease.