Question

Use what you have learned about demand to answer the question. Based on the law of demand, when the price of a specific good decreases, what will happen to the quantity demanded? It will increase. It will decrease. It will stay the same.

Answer 1

Answer:

The answer is: It will increase.

Explanation:

According to the law of supply and demand, when the price of an specific good or service decreases, the quantity demanded for that good or service will increase.

For example, if the price for a movie ticket is $10, 100 people will go to the movies. If the movie theater starts a promotion and lowers the price for movie tickets to $6, many more customers will be willing to go the movies. Either because they believe watching a movie in the theater is worth 6$ or more, or because they will now be able to afford going to the theater.  

Answer 2

Answer:

it will increase

Explanation:

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