Home » Classroom » SS1 Economics Price system, Demand – Meaning, Schedules, Curves, Laws Question

According to the law of demand what happens to ... - SS1 Economics Price system, Demand – Meaning, Schedules, Curves, Laws Question

According to the law of demand, what happens to the quantity demanded when the price of a good or service increases?

A

It increases

 

B

It decreases

C

It remains the same

 

D

It depends on the good or service

correct option: b
Please share this, thanks:

Add your answer

Notice: Posting irresponsibily can get your account banned!

No responses