If the price of a commodity increases, all other things unchanged, you would expect the:

Name: If the price of a commodity increases, all other things unchanged, you would expect the:
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Question

Quizplus · Accepted Answer

According to the law of demand, when the price of a commodity increases, the quantity demanded of that commodity decreases. Therefore, the correct answer is C; quantity demanded would decrease if the price of the commodity increases, all other things unchanged.

If the Price of a Commodity Increases, All Other Things