At a Price of $5, Tyrone Buys 10 Units of a Product;

question 162

Multiple Choice

At a price of $5, Tyrone buys 10 units of a product; when the price increases to $6, Tyrone buys 8 units. Which of the following is correct about Tyrone's behavior?

• A) Tyrone's demand has decreased.
• B) Tyrone's demand has increased.
• C) Tyrone's quantity demanded has decreased, and his demand has not changed.
• D) Tyrone's quantity demanded has increased, and his demand has increased.
• E) Tyrone's demand has increased, and his quantity demanded has decreased.

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