If price rises, what happens to quantity demanded for a product?
A)It increases.
B)It decreases.
C)It does not change.
D)Uncertain-economic theory has no answer to this question.

Question

Quizplus · Accepted Answer

According to the law of demand, when the price of a product increases, the quantity demanded of that product will decrease. This is because consumers will be less willing or able to purchase the product at the higher price.

If Price Rises, What Happens to Quantity Demanded for a Product