Everything else remaining unchanged, when the price of a normal good increases, consumers:
A)purchase more of the good.
B)purchase less of the good.
C)purchase the same amount of the good.
D)do not purchase any amount of the good.

Question

Quizplus · Accepted Answer

When the price of a normal good increases, consumers tend to reduce their purchasing of the good due to the law of demand. This is because as prices increase, the quantity demanded typically decreases, assuming that other factors such as income and preferences remain constant.

Everything Else Remaining Unchanged, When the Price of a Normal