Question

why do household buy more of a commodity at a lower price?

Answer 1

Households buy more of a commodity at a lower price due to the working of the following factors: ... Consequently, for each additional unit of the good, the consumer is willing to pay a lesser price. Thus, the consumer will increase his demand only when the price falls.

Answer 2

Answer:

Households buy more of a commodity at a lower price due to the working of the following factors: ... Consequently, for each additional unit of the good, the consumer is willing to pay a lesser price. Thus, the consumer will increase his demand only when the price falls.