The quantity demanded of a product increases as its price declines because the lower price:

Name: The quantity demanded of a product increases as its price declines because the lower price:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

As the price of a product declines, consumers are willing and able to purchase more of it due to the decrease in the opportunity cost of buying the product. This results in a movement down the demand curve, indicating an increase in the quantity demanded. The demand curve itself does not shift in this situation.

The Quantity Demanded of a Product Increases as Its Price