An increase in price of a commodity will generally lead to a decrease in the quantity of the commodity demanded per time period.

Name: An increase in price of a commodity will generally lead to a decrease in the quantity of the commodity demanded per time period.
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Quizplus · Accepted Answer

This is because of the law of demand, which states that, ceteris paribus, when the price of a commodity increases, the quantity demanded of that commodity will decrease, and vice versa.

An Increase in Price of a Commodity Will Generally Lead