If price of a good rises, what happens to quantity demanded for that good?
A)It increases.
B)It decreases.
C)It does not change.
D)The answer depends upon the supply of the good.

Question

Quizplus · Accepted Answer

When the price of a good rises, consumers tend to purchase less of that good as it becomes relatively more expensive compared to other goods. This leads to a decrease in the quantity demanded for that good.

If Price of a Good Rises, What Happens to Quantity