Question

What happens to the total quantity demanded when the price of the product rises above $50?

Answer 1

When the quantity demanded rises above 50 dollars the quantity demanded would be be less than 100 units.

What is demand?

This is the term that is used to refer to the amount of goods and services that a person is willing to buy at a given price.

The equilibrium price is 50 dollars, when the price rises, more people would reduce the quantity of the good that they need because it is more expensive.

Read more on demand here:

brainly.com/question/1288364

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