If Price Falls, What Happens to the Quantity Demanded for a Product

question 297

Multiple Choice

If price falls, what happens to the quantity demanded for a product?

• A) It increases.
• B) It decreases.
• C) It does not change.
• D) Uncertain--economic theory has no answer to this question.

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Definitions:

Parts Per Trillion

A unit of measurement used to denote extremely small concentrations of a substance in another, equivalent to one part in 10^12 parts.

Nuclear Change

Alterations at the atomic nucleus level, including nuclear reactions such as fission, fusion, and radioactive decay, releasing significant amounts of energy.

Mass

Mass is a fundamental property of physical objects that quantifies the amount of matter they contain. It is a determinant of an object's resistance to acceleration when a force is applied.

Nuclear Reactor

A facility constructed to initiate and control a sustained nuclear chain reaction, used either to generate electricity or produce radioactive isotopes.