Law of Demand Quick Check
2 of 52 of 5 Items
Question
As the price of a good increases, all else being equal, consumers will likely purchase _____.(1 point)
Responses
less of the good because substitutes have become relatively less expensive
less of the good because substitutes have become relatively less expensive
less of the good because substitutes have become relatively more expensive
less of the good because substitutes have become relatively more expensive
more of the good because substitutes have become relatively less expensive
more of the good because substitutes have become relatively less expensive
more of the good because substitutes have become relatively more expensive
more of the good because substitutes have become relatively more expensive