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Question
according to the law of demand, if there is an increase in prices for a good, what can be expected? a decrease in quantity demanded an increase in quantity demanded no change in demand an increase in demand
Brief Explanations
The law of demand states that, ceteris paribus (all other factors equal), there is an inverse relationship between the price of a good and the quantity demanded of that good. When price rises, the quantity consumers are willing and able to buy falls.
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a decrease in quantity demanded