An increase in the price of a good will cause which of the following?
A)Quantity demanded to demand to rise
B)Demand to fall
C)Quantity supplied to fall
D)Supply to rise
E)None of the above

Question

Quizplus · Accepted Answer

An increase in the price of a good does not cause demand itself to fall or supply to rise; rather, it typically leads to a movement along the demand curve, resulting in a decrease in quantity demanded, and a movement along the supply curve, resulting in an increase in quantity supplied. None of the options accurately describe these economic principles.

An Increase in the Price of a Good Will Cause