If the price of film increases,the demand for film processing would decrease;moreover,the equilibrium price and quantity of film processing should also decrease.

Question

Quizplus · Accepted Answer

The law of demand states that as the price of a good increases, the quantity demanded will decrease. If the price of film increases, people will be less likely to purchase film, and therefore the demand for film processing will decrease. This decrease in demand will cause the equilibrium price and quantity of film processing to also decrease, as there will be less demand for it.

If the Price of Film Increases,the Demand for Film Processing