FIGURE 6-4
-In Figure 6-4 above, as the number of buyers increases, the price
A)increases.
B)decreases.
C)stays the same.
D)has no relation to the number of buyers.
E)fluctuates depending on economic conditions.

Question

FIGURE 6-4 
-In Figure 6-4 above, as the number of buyers increases, the price
A)increases. 
B)decreases. 
C)stays the same. 
D)has no relation to the number of buyers. 
E)fluctuates depending on economic conditions.

Quizplus · Accepted Answer

As the number of buyers increases, demand typically increases, which can lead to an increase in price if supply remains constant.

FIGURE 6-4 -In Figure 6-4 Above, as the Number of Buyers Increases