Answer to Question #236715 in Economics of Enterprise for deva

Question

. More of a commodity will be purchased at lower prices because

A. Consumers substitute this commodit6y for others whose price has not changed.

B. At lower prices, consumers can purchase more of this commodity with a given money income.

C. More consumers will buy the commodity at lower prices than at higher prices.

D. All of the above.

Answer 1

B. At lower prices, consumers can purchase more of this commodity with a given money income.

When there is income, consumers purchase the products more. Lower prices attract more spendings within customers.