If the price of electric bicycles decreases, quantity demanded will increase.
What is the implication of a downward demand curve?
When the demand curve for a good is downward sloping, it means that there is an inverse relationship between price and the quantity demanded.
If price increases, the quantity demanded decreases and if price decreases, the quantity demanded increases.
To learn more about the demand curve, please check: https://brainly.com/question/25140811
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