Question

In which of the following statements are the terms "demand" and "quantity demanded" used correctly?

A) When the price of ice cream rose, the demand for both ice cream and ice cream toppings fell.
B) When the price of ice cream rose, the quantity demanded of ice cream fell and the demand for ice cream topping fell.
C) When the price of ice cream rose, the demand for ice cream fell and the quantity demanded of ice cream toppings fell.
D) None of these statements uses the terms correctly.

Answer 1

B) When the price of ice cream rose, the quantity demanded of ice cream fell and the demand for ice cream topping fell.

Step-by-step explanation:

A rise in the price of a good would lead to a fall in the quantity demanded of the good.

So, a rise in the price of ice-cream would lead to fall in the quantity demanded of ice cream.

A rise in the price of ice-cream would lead to a fall in the demand for ice cream toppings.