If the price of chicken rises from $1.25 per pound to $1.75 per pound, if the demand curve is consistent with the law of demand, then the quantity of chicken demanded would be predicted to go from
A. 100 pounds to 125 pounds per day.
B. 100 pounds to 75 pounds per day.
C. 100 pounds to 100 pounds per day, because the price of chicken does not affect the quantity demanded.
D. 100 pounds to 0 pounds per day, because consumers would stop purchasing chicken at a price above $1.25 per pound.
Answer: B
Economics
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