When there is a change in the quantity demanded it means that the:

Question

Quizplus · Accepted Answer

A change in the quantity demanded means that the amount of a product that consumers are willing to buy at a certain price has increased or decreased. This change is usually caused by a change in the price of the product. If the price of a product goes down, consumers may be willing to buy more of it, which would result in an increase in the quantity demanded. Conversely, if the price of a product goes up, consumers may be willing to buy less of it, which would result in a decrease in the quantity demanded. Therefore, choice A is the correct answer.

When There Is a Change in the Quantity Demanded It