When the price of something increases, the quantity demanded _____.

When the price of a good or service increases, the quantity demanded typically decreases due to the law of demand, which states that there is an inverse relationship between the price of a good and the quantity demanded by consumers. As prices rise, consumers may find the higher cost to be prohibitive, leading them to either purchase less of that good or seek alternative products that fulfill the same need at a lower price.

For example, if the price of coffee rises significantly, some consumers may decide to reduce the amount of coffee they buy, switch to tea, or forego purchasing coffee altogether. This reaction helps illustrate that the demand for a product can change based on its price; when prices go up, consumers generally buy less of it. Hence, a price increase leads to a decrease in the quantity demanded, reinforcing the concept outlined by the law of demand.