If prices for a basic camera increase, what happens to the quantity demanded for that camera?

When the price of a basic camera increases, the law of demand comes into play, which states that, all else being equal, as the price of a good rises, the quantity demanded for that good tends to decrease. This behavior occurs because consumers typically have a limited budget and will seek to maximize their utility. As the cost of the camera rises, some consumers may find it less attractive compared to alternatives or may decide to delay their purchase altogether. Therefore, the increased price leads to a decrease in the quantity demanded, as fewer consumers are willing or able to buy the product at the higher price.

This concept is illustrated by the demand curve, which slopes downwards from left to right, showing the inverse relationship between price and quantity demanded.