According to the law of demand, if the price of compact disks decreased, ceteris paribus, the
A)demand for compact disks would decrease.
B)quantity demanded of compact disks would decrease.
C)demand for compact disks would increase.
D)quantity demanded of compact disks would not change.
E)quantity demanded of compact disks would increase.

Question

Quizplus · Accepted Answer

According to the law of demand, if the price of a good decreases, ceteris paribus, the quantity demanded of that good will increase. Therefore, in this case, the quantity demanded of compact disks would increase.

According to the Law of Demand, If the Price of Compact