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Homework answers / question archive / When the price of pears increases, we expect the following: A
When the price of pears increases, we expect the following:
A. quantity demanded of pears rises.
B. quantity supplied of pears falls.
C. quantity demanded of pears falls.
D. demand for pears falls.
E. supply of pears rises.
According to the law of demand, the quantity demanded of a good is inversely related to its price while holding other factors constant. So when the price of pears increases, the quantity demanded of pears decreases.
