Answer to Question #292680 in Microeconomics for Simmi

Question

If the price of a printer rise from $20 to $80 while all other influence on buying plans are unchanged the quantity of printers demanded_

Answer 1

Basing on the law of demand in economics, it is presumed that, with the rise in price of a commodity, with all other factors remaining constant, (ceteris paribus) the demand schedule of the commodity is expected to fall. (Inoua & Smith, )

The demand of the printers in the mentioned market will fall.

Reference.

Inoua, S. M., & Smith, V. L. (2020). Classical Economics. The Independent Review, 25(1), 79-90. https://www.jstor.org/stable/48583695