As a result of the decrease in donut prices at Real Yum Donuts, Dippin Donuts managers discover that the demand for their donuts has:

Question

Quizplus · Accepted Answer

According to the law of demand, as the price of a good decreases, the quantity demanded for that good increases. In this scenario, the prices of Real Yum Donuts have decreased, which means that people may choose to buy Real Yum Donuts instead of Dippin Donuts because they are cheaper. Therefore, the demand for Dippin Donuts has likely decreased.

As a Result of the Decrease in Donut Prices at Real