Which of the following is true?

Question

Quizplus · Accepted Answer

The correct statements about demand are misrepresented in options A, B, and C. A fall in a good's price leads to an increase in quantity demanded, not a decrease (A is incorrect). The law of demand states that when the price of a good falls, the quantity demanded increases, not demand itself (B is incorrect). A change in demand is caused by factors other than the good's own price, such as income or the prices of related goods; a change in the price of chocolate bars would cause a movement along the demand curve, not a change in demand (C is incorrect).

Which of the Following Is True