An increase in the price of a good results in a(n)
A) decrease in demand
B) increase in demand
C) increase in quantity demanded
D) decrease in quantity demanded
E) increase in supply

Name: An increase in the price of a good results in a(n) A) decrease in demand B) increase in demand C) increase in quantity demanded D) decrease in quantity demanded E) increase in supply
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Question

Quizplus · Accepted Answer

An increase in price of a good results in a decrease in quantity demanded according to the Law of Demand.

An Increase in the Price of a Good Results in A(n)