Question

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

The quantity demanded remains the same.

The quantity demanded increases.

The quantity demanded decreases.

There is no affect on the quantity demanded.

Answer 1

The quantity demand increases.

Answer 2

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

Answer 3

The quantity demanded decreases

Answer 4

thank yall!

Answer 5

Yup

Answer 6

Thanks lol