Consumer buy more of a commodity at a lower price than at a higher price because
Answer Details
Consumers buy more of a commodity at a lower price than at a higher price because with the same amount of money they will be able to buy more. When the price of a commodity decreases, the quantity demanded by consumers increases because they are able to get more of the commodity for the same amount of money. This is known as the law of demand in economics. It assumes that consumers are rational and always seek to maximize their satisfaction or utility, and that price is one of the factors that influence their buying decisions. When prices are higher, consumers are likely to buy less of a commodity because it is more expensive and they are unable to purchase as much with their limited budget.