4
AssignmentMultiple Choice

Competition and Free Enterprise

Question 4 • 2102320-Economics HONORS - Edgenuity Teacher

Use what you have learned about demand to answer the question.Based on the law of demand, when the price of a specific good decreases, what will happen to the quantity demanded?

Answer
A
It will increase.
B
It will decrease.
C
It will stay the same.

Explanation

The law of demand says that, when other factors stay the same, a lower price leads consumers to buy more of a good. So when the price decreases, the quantity demanded will increase. The correct choice is “It will increase.”

AI-written and checked against the verified answer.

Previous
Next