What is likely to happen when the price of a good falls?
A) The demand curve for the good will shift to the left.
B) The quantity demanded of the good will increase.
C) The demand curve for the good will shift to the right.
D) The quantity supplied of the good will increase.

Question

Quizplus · Accepted Answer

When the price of a good falls, the quantity demanded typically increases because consumers are more willing to buy the good at a lower price. This is a movement along the demand curve, not a shift of the demand curve itself.

What Is Likely to Happen When the Price of a Good