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:

Business Information System

Systems that process data and convert it into information and knowledge, supporting decision-making processes in an organization.

Consumer Level

Refers to products, services, or technologies designed for the general public rather than for professionals or businesses.

Primary Key Field

In a database, a field that has a value unique to a record.

Primary Keys

Unique identifiers within a database table that distinguish each record.