if-the-price-of-a-good-decreases-from-10-to-5-what-is-the-expected-change-in-mar

Question

If the price of a good decreases from $10 to $5, what is the expected change in market demand according to the law of demand?

Accepted Answer

Market demand is expected to increase.

Answer

Market demand is expected to fluctuate unpredictably.

Answer

Market demand is expected to decrease.

Answer

Market demand is expected to remain unchanged.

If the price of a good decreases from \$10 to \$5, what is the expected change in market demand according to the law of demand?