Register

2) What happens to the quantity demanded' when the price of a good, service, or product increases?

2) What happens to the quantity demanded' when the price of a good, service, or product increases?
202k views
3 votes
2) What happens to the quantity demanded' when the price of a good, service, or

product increases?

User Owo
by
7.7k points

1 Answer

5 votes

Answer:

The price of a good or service in a marketplace determines the quantity that consumers demand.

Step-by-step explanation:

A higher price results in a lower quantity demanded and a lower price results in higher quantity demanded.

User RetnuH
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was the boy who  became king at the age of 9?
Why did people immigrate to the United States in the late 1800s?
Why did the slogan Peace Land and Bread appeal to the Russian people?
Link Copied!