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katrin2010 [14]
3 years ago
14

A fall in the price level: Multiple Choice reduces the value of money in peoples' pockets, so people buy less goods. reduces the

value of money in peoples' pockets, so people buy more goods. increases the value of money in peoples' pockets, so people buy more goods. increases the value of money in peoples' pockets, so people buy less goods.
Business
1 answer:
sladkih [1.3K]3 years ago
7 0

Answer:

increases the value of money in peoples' pockets, so people buy more goods.

Explanation:

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

If price level falls, the value of money rises as a consumer would be able to buy the same basket of goods at a reduced price. This would induce a consumer to buy more goods.

A rise in price levels reduces the value of money in peoples' pockets, so people buy less goods. 

I hope my answer helps you.

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