Which of the following brings only an increase in the quantity demanded of a good?
A) a decrease in income, assuming the good is an inferior good
B) a rise in the price of a substitute good
C) a fall in the price of the good itself
D) an expectation that the good's price will rise in the future
E) a decrease in income, assuming the good is a normal good

Question

Quizplus · Accepted Answer

According to the law of demand, a decrease in the price of a good will lead to an increase in the quantity demanded of that good, assuming all other factors remain constant. Therefore, choice C is the correct answer.

Which of the Following Brings Only an Increase in the Quantity