What happens to the demand for a product when its price decreases?

Practice Questions

Q1
What happens to the demand for a product when its price decreases?
  1. Demand increases
  2. Demand decreases
  3. Demand remains the same
  4. Demand becomes elastic

Questions & Step-by-Step Solutions

What happens to the demand for a product when its price decreases?
No concepts available.
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely