Question

When the prices of a good increases, ______

• A. Quantity demanded increases
• B. Quantity demanded decreases
• C. Quantity supplied increases
• D. Quantity supplied decreases

Answer 1

Answer: (B), (C)

The correct options are
B

Quantity demanded decreases

C

Quantity supplied increases

When the prices of a good increases, the quantity demanded decreases and the quantity supplied decreases.