"All else constant, consumers will purchase more of a good as the price falls." This statement reflects the behavior underlying:
A)the demand curve.
B)a change in demand.
C)the supply curve.
D)a change in supply.

Question

Quizplus · Accepted Answer

A fundamental property of the demand curve is that it is downward sloping with respect to price. That is, as price falls, quantity demanded rises.

"All Else Constant, Consumers Will Purchase More of a Good