A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2023 · Q91 Mark
A change in the price of a good causes an increase in the quantity of the good demanded. What would be the nature of the good and the direction of price change for this to be certain to happen? [Table 9.1]
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Anature of good: inferior, price change: fall
Bnature of good: inferior, price change: rise
Cnature of good: normal, price change: fall
Dnature of good: normal, price change: rise
✓ Correct answer
C: nature of good: normal, price change: fall
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