The nature of demand indicates that as the price of a good increases:
A) suppliers wish to sell less of it.
B) more of it is produced.
C) more of it is desired.
D) buyers desire to purchase less of it.

Question

Quizplus · Accepted Answer

As the price of a good increases, the quantity demanded typically decreases, meaning buyers desire to purchase less of it. This is a fundamental principle of demand in economics.

The Nature of Demand Indicates That as the Price of a Good