Q:
      
      
         
            
An increase in the price of a good will
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: D) decrease quantity demanded         
         
Explanation: In economics we study that, if the price of a good increases the demand in its quantity decreases or the demand for its complimentary good increases.
 
For example, if the rice of a good increased by 5%, the demand in its quantity decreases by 10% approximately.
       
      
      
      
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