According to the law of​ demand a decrease in the price of a good causes?
singleAnswer
quantity demanded increases
Law of demand
According to the law of​ demand a decrease in the price of a good causes?
Supply and demand Demand curve Law of demand Substitute good Complementary good Demand Inferior good Jevons paradox Price elasticity of demand Veblen good
In microeconomics, supply and demand is an economic model of <b>price</b> 
determination in a ... A hike in the <b>cost</b> of raw <b>goods</b> would <b>decrease</b> supply, 
shifting the supply curve up, ... <b>According to the law of demand</b>, the demand 
curve is always ... This increase in supply <b>causes</b> the equilibrium <b>price</b> to 
<b>decrease</b> from P1 to P2. In economics, a <b>demand</b> curve is a graph depicting the relationship between the 
<b>price</b> of a ... This is because of the <b>law of demand</b>: for most <b>goods</b>, the quantity 
<b>demanded</b> will <b>decrease</b> in response to <b>an increase</b> in <b>price</b>, and will increase in 
response to a <b>decrease</b> in <b>price</b>. <b>Demand</b> curves are used to estimate behaviors 
in&nbsp;... In microeconomics, the <b>law of demand</b> states that, &quot;conditional on all else being 
equal, as the <b>price of a good</b> increases (↑), quantity <b>demanded decreases</b> (↓); 
conversely ... If <b>an increase</b> in the <b>price</b> of a commodity <b>causes</b> households to 
expect the <b>price</b> of a commodity to increase further, they may start purchasing a&nbsp;... A substitute good is a good that can be used in place of another. In consumer 
theory, substitute goods or substitutes are goods that a consumer perceives as 
similar or comparable, so that having more of one <b>good causes</b> the consumer to 
desire less of the other good. ... Conversely, a <b>decrease in the price of a good</b> will 
<b>decrease demand</b> for its&nbsp;... In economics, a complementary <b>good</b> is a <b>good</b> whose appeal increases with the 
popularity of its complement. Technically it displays a negative cross elastic of 
<b>demand</b> and that <b>demand</b> for it increases when the <b>price</b> of another <b>good</b> 
<b>decreases</b>. If &quot;A&quot; is a complement to &quot;B&quot; , <b>an increase</b> in the <b>price</b> of &quot;A&quot; will result 
in a ... The <b>supply and demand</b> for cars is represented by the figure at the right 
with&nbsp;... In economics, <b>demand</b> is the quantity of a <b>good</b> that consumers are willing and 
able to purchase at various <b>prices</b> during a given period of time. The relationship 
between <b>price</b> and quantity <b>demanded</b> is also known as the ... This significant 
<b>price</b> increase <b>causes</b> the consumer to <b>demand</b> less of that product at the <b>price</b> of 
$15&nbsp;... In economics, an inferior <b>good</b> is a <b>good</b> whose <b>demand decreases</b> when 
consumer income ... <b>Depending on</b> consumer or market indifference curves, the 
amount of a <b>good</b> bought can either increase, <b>decrease</b>, ... A special type of 
inferior <b>good</b> may exist known as the Giffen <b>good</b>, which would disobey the &quot;<b>law</b> 
<b>of demand</b>&quot;. In economics, the Jevons paradox occurs when technological progress or 
government policy ... Generally speaking, a <b>decrease</b> in the <b>cost</b> (or <b>price) of a</b> 
<b>good</b> or service will increase the quantity <b>demanded</b> (the <b>law of</b> ... The size of the 
direct rebound effect is dependent on the <b>price elasticity</b> of <b>demand</b> for the <b>good</b>. <b>Price elasticity</b> of <b>demand</b> (PED or Ed) is a measure used in economics to show 
the ... The formula for the coefficient of <b>price elasticity</b> of <b>demand</b> for a <b>good</b> is: ... 
For example, if the <b>price</b> increases by 5% and quantity <b>demanded decreases</b> by 
5%, ... (or responsiveness) of <b>demand</b> in a market is <b>great</b> or small <b>according</b> as 
the&nbsp;... Veblen <b>goods</b> are types of luxury <b>goods</b> for which the quantity <b>demanded</b> 
increases as the <b>price</b> increases, an apparent contradiction of the <b>law of demand</b>, 
resulting in an upward-sloping <b>demand</b> curve. A higher <b>price</b> may make a 
product desirable as a status symbol in the ... the Veblen effect is that lowering 
the <b>price decreases</b> the quantity <b>demanded</b>.
quantity demanded increases
Law of demand