An increase in the price of laptop computers will decrease the quantity demanded of laptop computers.(option b)
<h3>What is the impact of an increase in price?</h3>
The law of demand postulates that there is an inverse relationship between price and the quantity demanded of a good. This means that if price of the good increases, the quantity demanded of the good declines. If price declines, the quantity demanded increases.
Thus, if the price of laptop increases, the quantity demanded of the good would decline. Only changes in the price of a good affects the quantity demanded of that good.
Here are the options:
Assuming everything else stays the same, an increase in the price of laptop computers will _____ of laptop computers.
a. decrease the quantity demanded
b. increase the demand
c. increase the quantity demanded
d. decrease the demand
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