An increase in quantity demanded of a good is caused by
A) a decrease in income.
B) a decrease in the price of a substitute.
C) a decrease in the price of the good.
D) a change of tastes.

Question

Quizplus · Accepted Answer

According to the law of demand, an increase in quantity demanded is caused by a decrease in the price of the good. As the price decreases, consumers are willing and able to buy more of the good.

An Increase in Quantity Demanded of a Good Is Caused