229k views
18 votes
What happens when the price of a good increases? The quantity of goods that are produced increases. The producer of the good is certain to make less money. The quantity of goods that are produced decreases. The quantity of goods that are produced stays about the sam

User Capo
by
3.3k points

1 Answer

8 votes
Because due to increase in the price of the product the consumer demand for this product decreases.
User Secretshardul
by
3.5k points