Holding everything else constant,an increase in the price of raisins will result in
A)an decrease in the quantity of raisins demanded.
B)an increase in the demand for raisins.
C)a decrease in the supply of raisins.
D)an increase in the quantity of raisins demanded.

Question

Quizplus · Accepted Answer

An increase in the price of raisins would result in a decrease in the quantity of raisins demanded, as consumers would be less willing to pay the higher price for the same amount of raisins, all other things held constant. This is a movement along the demand curve, not a shift in the entire curve.

Holding Everything Else Constant,an Increase in the Price of Raisins