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21 July, 09:24

Changes in the price of good A lead to a change in: A. demand for good A. B. demand for good B. C. the quantity demanded for good A. D. the quantity demanded for good B

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  1. 21 July, 10:16
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    Option (c) is correct.

    Explanation:

    According to the law of demand, there is an inverse or negative relationship between the price of the commodity and the quantity demanded for the commodity. So, if there is an increase in the price of good A then as a result this will lead to decrease the quantity demanded for good A and if there is a fall in the price of good A then as a result this will lead to increase the quantity demanded for good A.
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