When the price of a good increases, the quantity demanded typically:

A Increases

B Decreases

C Stays the same

D Doubles

✓ Correct Answer: Option B

The law of demand states that, ceteris paribus, as the price of a good rises, the quantity demanded falls (inverse relationship).

💡 Why is B) the correct answer?

The correct answer to the question "When the price of a good increases, the quantity demanded typically:" is Option B: Decreases.

The other options — A) Increases, C) Stays the same, D) Doubles — are incorrect for this IB Exam Prep question. As explained above: The law of demand states that, ceteris paribus, as the price of a good rises, the quantity demanded falls (inverse relationship).

📚 About This IB Exam Prep Practice Question

This 1-level IB Exam Prep question from the Economics topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free IB Exam Prep practice test or use flashcards for spaced repetition review.

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When the price of a good increases, the quantity demanded typically:

✓ Correct Answer: Option B

📚 About This IB Exam Prep Practice Question

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