Other things being equal, a fall in the price of Coca‑Cola will increase the quantity of Coca‑Cola demanded.

Name: Other things being equal, a fall in the price of Coca‑Cola will increase the quantity of Coca‑Cola demanded.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement represents the Law of Demand, which states that as the price of a good decreases, the quantity demanded of that good increases, assuming all other factors remain constant. Therefore, if the price of Coca-Cola falls, consumers will demand more of it.

Other Things Being Equal, a Fall in the Price of Coca‑Cola