As the price of a bag of Doritos increases,the quantity demanded of this product will decrease.

Question

Quizplus · Accepted Answer

This is because of the law of demand, which states that the higher the price of a product, the lower the quantity demanded, and vice versa. This is based on the assumption that consumers will always want to maximize their utility or satisfaction from consuming goods, and will choose lower-priced alternatives if they are available.

As the Price of a Bag of Doritos Increases,the Quantity