If price rises, 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

Quizplus · Accepted Answer

When the price of a product increases, the quantity demanded for that product typically decreases, as consumers are less willing to pay a higher price for the same product.

If Price Rises, What Happens to the Quantity Demanded for a Product