High demand for a product does not necessarily mean a high quantity demanded for that product if the price is high enough.

Question

Quizplus · Accepted Answer

This is because as the price of a product increases, consumers may not be willing to pay that higher price, leading to a decrease in the quantity demanded despite high demand for the product. Therefore, high demand and high quantity demanded are not always directly proportional.

High Demand for a Product Does Not Necessarily Mean a High