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1 March, 09:49

The Law of Demand

Use what you have learned about demand to answer the question

Based on the law of demand when the price of a specific good decreases, what will happen to the quantity

demanded?

It will increase

it will decrease

It will stay the same

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Answers (1)
  1. 1 March, 11:37
    0
    The right answer is, A. It will increase

    Explanation:

    The correct answer is that the demand of a good will increase, because in the law of goldsmith and demand these two indicators are indirectly proportional, therefore the increase of one will cause the decrease of the other and the decrease of one will cause the increase of the second. In this case, if a specific good decreases its price, then its demand will increase.
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