What happens to the demand for a product when its price decreases, assuming all other factors remain constant?

When the price of a product decreases and all other factors stay the same, the demand for that product usually increases. This happens because people often find it more attractive to buy something when it costs less. For example, if a favorite snack goes from $2 to $1, more people might decide to buy it because they see it as a better deal. This increase in demand occurs because lower prices can encourage more purchases, making the product more affordable for more customers. Therefore, a decrease in price typically leads to higher demand.