Question

If all other factors are equal, what will happen to the demand if the price of a product goes down? A. Demand will go up. B. Demand will go down. C. Demand will stay the same as it was. D. Demand will be the same as the supply. Please select the best answer from the choices provided A B C D

Answer 1

A,Because at ceteris paribus the lower the price the higher the demand and vice versa according to the law of demand.