If the price of a commodity increases, all other things unchanged, you would expect the:

A) demand to decrease.
B) quantity demanded to increase.
C) quantity demanded to decrease.
D) demand curve to shift to the left.

Ans: C) quantity demanded to decrease.

Economics

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The strategy of sorting customers into high or low value based on the amount of sales made is known as the

a. Damaged goods strategy b. The willy-nilly strategy c. The Metering Strategy d. All of the above

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Product differentiation plays an important role in perfect competition

Indicate whether the statement is true or false

Economics