Suppose that the demand curve for apples is downward sloping and the price per pound decreases from $1.25 to $1.00. We would then expect
A) the demand for apples to decrease.
B) the quantity of apples demanded to fall.
C) the demand curve to shift toward the origin.
D) the quantity of apples demanded to increase.

Question

Quizplus · Accepted Answer

According to the law of demand, as the price of a good decreases, the quantity demanded of that good will increase. Therefore, if the price per pound of apples decreases, we would expect the quantity of apples demanded to increase as consumers are likely to buy more apples at the lower price.

Suppose That the Demand Curve for Apples Is Downward Sloping