A decrease in the price of a good will, all other things unchanged, result in:

Question

Quizplus · Accepted Answer

A decrease in price will lead to an increase in the quantity demanded, as consumers will be more willing and able to purchase the good at a lower price. This is not the same as an increase in demand, which would involve shifts in the entire demand curve due to changes in factors such as consumer preferences or incomes. An increase in supply would involve shifts in the supply curve, while "more being supplied" is a vague and imprecise choice.

A Decrease in the Price of a Good Will, All