The law of demand implies,holding everything else constant,that as the price of yogurt
A)increases,the demand for yogurt will increase.
B)increases,the quantity of yogurt demanded will decrease.
C)decreases,the quantity of yogurt demanded will decrease.
D)decreases,the demand for yogurt will increase.

Question

Quizplus · Accepted Answer

The law of demand states that as the price of a good or service increases, the quantity demanded of that good or service will decrease, given that all other factors remain constant. Therefore, as the price of yogurt increases, the quantity of yogurt demanded will decrease. This means that choice B is the correct answer. Choices A, C, and D are incorrect because they go against the law of demand.

The Law of Demand Implies,holding Everything Else Constant,that as the Price