When the price of a good rises:
A) demand falls
B) quantity demanded falls
C) quantity supplied falls
D) quantity demanded rises

Question

Quizplus · Accepted Answer

When the price of a good rises, the quantity demanded of that good falls. This is a movement along the demand curve, reflecting the fact that consumers will buy less of the good at higher prices. However, the overall level of demand does not necessarily change, as there may still be some consumers who are willing and able to purchase the good at the higher price.

When the Price of a Good Rises