If,in response to an increase in the price of pineapples,the quantity of pineapples demanded decreases,economists would describe this as
A)an decrease in demand.
B)a decrease in quantity demanded.
C)a change in consumer income.
D)a decrease in consumers' taste for pineapples.

Question

Quizplus · Accepted Answer

When there is a change in price, it only affects the quantity demanded of a good or service, not the overall demand for it. Therefore, the correct term to apply to this scenario is a decrease in quantity demanded.

If,in Response to an Increase in the Price of Pineapples,the