When price falls, demand rises.

Name: When price falls, demand rises.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Demand refers to the quantity of a good or service that consumers are willing and able to purchase at various prices, and it is represented by the demand curve. A fall in price does not increase demand itself but leads to an increase in the quantity demanded, which is a movement along the demand curve, not a shift of the demand curve.

When Price Falls, Demand Rises