If price falls, what happens to the quantity demanded for a product?

A) It increases.
B) It decreases.
C) It does not change.
D) Uncertain--economic theory has no answer to this question.

Question

If price falls, what happens to the quantity demanded for a product?A)  It increases.B)  It decreases.C)  It does not change.D)  Uncertain--economic theory has no answer to this question.

Faran Choudhry · Accepted Answer

Final Answer : A, Explanation :  According to the law of demand, when the price of a product falls, the quantity demanded generally increases, assuming all other factors remain constant.

If price falls, what happens to the quantity demanded for a product?

A) It increases.
B) It decreases.
C) It does not change.
D) Uncertain--economic theory has no answer to this question.

Definitions

Learning Objectives

Learning Objectives

Related questions