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according to the law of demand, if there is an increase in prices for a…

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

Explanation:

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.

Answer:

a decrease in quantity demanded