Question

If all other factors are equal, what will happen to the demand if the price of a product goes down? (Select the best answer.)

Question 6 options:

Demand will stay the same as it was.


Demand will be the same as the supply.


Demand will go down.


Demand will go up.

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Answer 1

the demand will go up

Answer 2

Demand will go up.

Step-by-step explanation:

Demand is majorly affected by a change in price, there is an inverse relationship between the two. If the price increase, demand would reduce. But when the price decrease, demand would increase. Especially when other factors are constant.