[Solved] When the price of a commodity falls, we can expect -

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Q.	When the price of a commodity falls, we can expect -
A.	the supply of it to increase
B.	the demand for it to fall
C.	the demand for it to stay constant
D.	the demand for it to increase
Answer» D. the demand for it to increase
Explanation: In economics, the law of demand is an economic law, which states that consumers buy more of a good when its price is lower and less when its price is higher. The Law of demand states that the quantity demanded and the price of a commodity are inversely related, other things remaining constant. That is, if the income of the consumer, prices of the related goods, and preferences of the consumer remain unchanged, then the change in quantity of good demanded by the consumer will be negatively correlated to the change in the price of the good

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