-Which of the following statements is true?
A) If the quantity demanded increases from 4 units to 6 units,the market price will fall.
B) If the quantity demanded increases from 4 units to 6 units,the supply will increase.
C) If the quantity demanded increases from 4 units to 6 units,the market price will fall and the supply will increase.
D) Six units of pizza will be demanded if the market price of pizza is $4 instead of $6.
E) Only 4 units of pizza will be demanded even if the price of pizza is $4.

Question

-Which of the following statements is true?
A) If the quantity demanded increases from 4 units to 6 units,the market price will fall. 
B) If the quantity demanded increases from 4 units to 6 units,the supply will increase. 
C) If the quantity demanded increases from 4 units to 6 units,the market price will fall and the supply will increase. 
D) Six units of pizza will be demanded if the market price of pizza is $4 instead of $6. 
E) Only 4 units of pizza will be demanded even if the price of pizza is $4.

Quizplus · Accepted Answer

If the price of pizza decreases from $6 to $4, it is likely that more units will be demanded, such as six units, due to the law of demand which states that quantity demanded increases as price decreases.

-Which of the Following Statements Is True