A decrease in quantity demanded of a good is caused by
A)a decrease in income.
B)a decrease in the price of a substitute.
C)an increase in the price of the good.
D)a change of tastes.

Name: A decrease in quantity demanded of a good is caused by A)a decrease in income. B)a decrease in the price of a substitute. C)an increase in the price of the good. D)a change of tastes.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

This is known as the "law of demand," which states that as the price of a good increases, the quantity demanded will decrease.

A Decrease in Quantity Demanded of a Good Is Caused