When the price of pears increases, we expect the following: A

Marketing Jan 12, 2021

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.

Expert Solution

The correct answer is C. quantity demanded of pears falls

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.

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