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25 January, 01:42

An increase in the price of cappuccino will increase the quantity of cappuccinos demanded.

a. true.

b. false.

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Answers (1)
  1. 25 January, 01:51
    0
    An increase in the price of cappuccino will increase the quantity of cappuccinos demanded. False. When an item is in demand but not a drastic need for the item and you raise the price, the quantity sold will likely decrease. Since a coffee isn't a necessity when the price to purchase becomes too high for a consumer, the amount purchased will slowly drop off.
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