When the price of a shirt falls,the
A) quantity of shirts demanded falls.
B) quantity of shirts demanded rises.
C) quantity of shirts supplied rises.
D) demand for shirts falls.

Question

Quizplus · Accepted Answer

According to the law of demand, all other things being equal, when the price of a good falls, the quantity demanded of that good rises. Therefore, if the price of a shirt falls, people will be more willing and able to buy shirts, and the quantity of shirts demanded will increase.

When the Price of a Shirt Falls,the