Answer to Question #76728 in Macroeconomics for Walter Meyers

Question

Other things remaining​ equal, the law of demand says that higher prices will lead to a
A.
larger quantity demanded and lower prices to a smaller quantity demanded.
B.
smaller quantity demanded and lower prices to a larger quantity demanded.
C.
larger quantity demanded and lower prices to a larger quantity demanded.
D.
smaller quantity demanded and lower prices to a smaller quantity demanded.

Answer 1

B. smaller quantity demanded and lower prices to a larger quantity demanded.