In the context of supply and demand, which of the following statements is true of the free market system?
A) People tend to buy more products with lower prices.
B) People tend to look for products solely on the basis of quality.
C) As the supply increases, the demand also increases.
D) As the supply increases, the price also increases.

Question

Quizplus · Accepted Answer

In a free market system, when prices are lower, consumers are generally more willing to purchase more of a product, reflecting the law of demand.

In the Context of Supply and Demand, Which of the Following