Holding all other factors constant,consumers demand more of a good the
A) higher its price.
B) lower its price.
C) steeper the downward slope of the demand curve.
D) steeper the upward slope of the demand curve.

Question

Quizplus · Accepted Answer

According to the law of demand, as the price of a good decreases, the quantity demanded of that good increases holding all other factors constant. Therefore, consumers demand more of a good when its price is lower.

Holding All Other Factors Constant,consumers Demand More of a Good