Ceteris paribus,the quantity demanded of a good will decrease in response to:

Question

Quizplus · Accepted Answer

According to the law of demand, there is an inverse relationship between the price of a good and the quantity demanded, ceteris paribus. This means that when the price of a good increases, the quantity demanded decreases. Therefore, choice B is the correct answer.

A is incorrect because a higher income would lead to an increase in demand, ceteris paribus. 
C is incorrect because a rightward shift of the supply curve would increase the quantity supplied, but it would not directly affect the quantity demanded. 
D is incorrect because a lower price for the good would lead to an increase in quantity demanded, ceteris paribus.

Ceteris Paribus,the Quantity Demanded of a Good Will Decrease in Response