A decrease in the relative price of economics textbooks will raise the aggregate quantity of an economy's goods and services demanded.

Question

Quizplus · Accepted Answer

A decrease in the price of a specific good, like economics textbooks, does not directly affect the overall aggregate demand for an economy's goods and services, which is influenced by broader factors like income levels, interest rates, and overall price levels.

A Decrease in the Relative Price of Economics Textbooks Will