If the demand curve for a good is the line defined by Q = 1,then a decrease in the price of that good will:
A)decrease the quantity demanded.
B)increase the quantity demanded.
C)result in a quantity of zero being demanded.
D)not change the quantity demanded.

Question

Quizplus · Accepted Answer

If demand is defined by Q = 1,it means that regardless of price consumers will purchase one and only one unit.

If the Demand Curve for a Good Is the Line