Read the following passage: "The concept of supply and demand is a fundamental principle in economics, explaining how prices are determined in a market economy. Supply refers to the quantity of a good or service that producers are willing and able to offer for sale at various prices. Generally, as the price of a good increases, suppliers are incentivized to produce and sell more of it, leading to an upward-sloping supply curve. Demand, conversely, is the quantity of a good or service that consumers are willing and able to purchase at various prices. Typically, as the price of a good increases, consumers will demand less of it, resulting in a downward-sloping demand curve. The interaction of these two forces — where the supply and demand curves intersect — determines the equilibrium price and quantity in a market." According to the passage, what effect does an increase in the price of a good typically have on consumer demand for that good?

1. AIt shifts the supply curve upwards.
2. BIt has no significant effect on consumer demand.
3. CIt causes consumers to demand more of the good.
4. DIt causes consumers to demand less of the good.