If price falls, what happens to the quantity demanded for a product? It decreases. It does...

Question

Question

If price falls, what happens to the quantity demanded for a product?

It decreases.

It does not change.

It increases.

Uncertain--economic theory has no answer to this question.

business economics

Answer 1

Answer #1

Option 3

The quantity demanded and price are inversely related and hence with the fall in price the quantity demanded for a product increases.

Answer 2

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