Question
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.
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.
Answers
GPT-4o mini
Based on the law of demand, when the price of a specific good decreases, the quantity demanded will increase.