Other things being equal, if a business increases the price of a product O a. The quantity demanded will increase. O b. The demand will decrease. O c. The quantity demanded will decrease. Od. The demand will increase.

Other things being equal, if a business increases the price of a product O a. The quantity demanded will increase. O b. The demand will decrease. O c. The quantity demanded will decrease. Od. The demand will increase.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 10P

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Question

Other things being equal, if a business increases the price of a product
O a. The quantity demanded will increase.
Ob. The demand will decrease.
O c. The quantity demanded will decrease.
Od. The demand will increase.

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