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:

Flap-like Structure

A physical formation resembling a flap, used to describe parts of organisms that can move back and forth or serve as a cover.

Larynx

The hollow muscular organ forming an air passage to the lungs and holding the vocal cords; commonly known as the voice box.

Coughing Up Blood

involves expelling blood or blood-streaked sputum from the lungs or airway through coughing, a symptom of various medical conditions.

Pleural Cavity

The thin fluid-filled space between the two layers of the pleura surrounding each lung.