Why Does the Quantity of a Good Demanded Decrease When

question 23

Multiple Choice

Why does the quantity of a good demanded decrease when its price increases?

• A) Complements become relatively cheaper when the price of a good increases.
• B) Consumer preferences change when the price of a good changes.
• C) The nominal income of consumers falls when the price of a good increases.
• D) Substitutes become relatively cheaper when the price of a good increases.

---

Definitions:

Eversion

The movement of turning a body part outward or away from the center of the body.

Carpal

Pertaining to the bones of the wrist.

Carp

Large group of freshwater fish that are found in most parts of the world, often noted for their ability to thrive in various water conditions.

Collagen

A structural protein found in the skin and connective tissues, important for strength and elasticity.