A decrease in the price of a good will result in:
A)an increase in demand.
B)an increase in supply.
C)an increase in the quantity demanded.
D)more being supplied.

Question

Quizplus · Accepted Answer

A decrease in price will not necessarily increase the demand for the good, but it will result in an increase in the quantity demanded (movement along the demand curve). The other options are not correct as they confuse the concepts of demand and supply.

A Decrease in the Price of a Good Will Result