Figure 6-6a
-Figure 6-6a 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 6-6a
-Figure 6-6a 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 6-6a -Figure 6-6a Above,as the Number of Buyers Increases,the Price