What Does the Expression "↓P Results in ↑Q_d" Imply

question 72

Multiple Choice

What does the expression "↓P results in ↑Q_d" imply?

• A) As price goes up, quantity demanded falls.
• B) As price goes up, quantity demanded rises.
• C) As price falls, quantity demanded falls.
• D) As price falls, quantity demanded increases.

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Definitions:

Suppliers

Businesses or individuals that provide goods or services to another business or consumer, often as part of a supply chain.

Technological Boom

A period characterized by rapid advancements and widespread adoption of new technologies, often leading to significant economic and societal changes.

US Dollar

the official currency of the United States, widely used as a standard of exchange in international markets.

Appreciate

In finance, a term used to describe an increase in the value of an asset over time. In general usage, it can also mean to recognize the worth or value of something.