The rule of supply and demand says that as price increases, demand decreases. Hence, option D is correct.
Why is the demand for rice increasing?
This increase in demand was influenced by both the very quick rates of population growth and the majority of these countries' rapidly rising per capita incomes. China has to import a sizable amount of wheat due to the country's particularly high growth in food grain demand.
When the price of rice increases, real income decreases, which is followed by an expected loss in consumption of all regular goods. In this sense, the increase in rice prices may have a big effect on the poor. A recent University of Arkansas System Division of Agriculture research found that the demand for one agricultural product, rice, has surged.
Thus, option D is correct.
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