Question

what does the law of demand state? as the price of a good or service increases, the quantity of that good or service demanded decreases. as the price of a good or service increases, the quantity of that good or service demanded increases. as the demand of a good or service decreases, the supply of that good or service increases. as the demand of a good or service increases, the supply of that good or service decreases.

Explanation:

The law of demand states an inverse relationship between price and quantity demanded. When price rises, quantity demanded falls, assuming other factors remain constant.

Answer:

As the price of a good or service increases, the quantity of that good or service demanded decreases.