QUESTION IMAGE
Question
the law of demand states that as the price of a particular good or service increases, ______ (1 point) demand increases quantity demanded decreases demand decreases quantity demanded increases
Brief Explanations
The law of demand describes the inverse relationship between the price of a good/service and the quantity consumers are willing to buy, ceteris paribus. A price change affects quantity demanded (a movement along the demand curve), not overall demand (a shift of the curve).
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quantity demanded decreases