The law of demand states that quantity demanded of a good, Ask an Expert

Economics

?The law of demand states that quantity demanded of a good is inversely related to the price of that good. Therefore, as the price of a good goes:

?Down, the quantity demanded stays the same.

?Up, the quantity demanded goes down.

?Down, the quantity demanded goes down.

?Up, the quantity demanded also goes up.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91571169

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