If Price Rises, What Happens to Quantity Demanded for a Product

question 141

Multiple Choice

If price rises, what happens to 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:

Clustered Bar Chart

A graphical representation used in statistics to compare a set of data across different categories, where bars are grouped together to facilitate comparison.

Rows And Columns

Organizational structures in a table or spreadsheet where rows run horizontally and columns run vertically.

Orderly Arrangement

The organized and systematic placement or organization of items or ideas.

Stacked Column Chart

A variant of the column chart that segments each column into multiple categories, representing parts of the whole.