What does the expression "↑P results in ↓Q_d" imply? A) As price goes up, quantity demanded falls. B) As price goes up, quantity demanded rises. C) As price falls, quantity demanded falls. D) As price falls, quantity demanded increases.

Question

Quizplus · Accepted Answer

The expression "↑P results in ↓Q_d" implies that as price (P) goes up (↑), the quantity demanded (Q) falls (↓), which matches choice A.

What Does the Expression "↑P Results in ↓Qd" Imply

What Does the Expression "↑P Results in ↓Q_d" Imply