Suppose that the demand curve for apples is downward sloping and the price per bushel increases from $6.50 to $7.50. We would then expect
A)the demand for apples to decrease.
B)the quantity of apples demanded to fall.
C)the demand curve to shift toward the origin.
D)the quantity of apples demanded to increase.

Question

Quizplus · Accepted Answer

The law of demand states that as the price of a good increases, the quantity demanded will decrease. Therefore, if the price per bushel of apples increases from $6.50 to $7.50, we would expect the quantity of apples demanded to fall, as shown by a movement along the existing demand curve.

Suppose That the Demand Curve for Apples Is Downward Sloping