1
AssignmentMultiple Choice

The Law of Demand

Question 1 • RAIL NCAA OC Economics 2027

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?

Answer
A
It will increase.
B
It will decrease.
C
It will stay the same.

Explanation

The law of demand says that, when other factors stay the same, a lower price leads consumers to buy more of a good. So when the price decreases, the quantity demanded will increase. The correct choice is “It will increase.”

AI-written and checked against the verified answer.

Next