which best explains how the law of demand affects consumers?\nit helps consumers know when prices are going…

which best explains how the law of demand affects consumers?\nit helps consumers know when prices are going down.\nit helps consumers know when prices are going up.\nit helps consumers tell producers when prices are too high.\nit helps consumers tell producers when to make new goods.

which best explains how the law of demand affects consumers?\nit helps consumers know when prices are going down.\nit helps consumers know when prices are going up.\nit helps consumers tell producers when prices are too high.\nit helps consumers tell producers when to make new goods.

Answer

Answer:

It helps consumers know when prices are going down.

Brief Explanations:

The law of demand states that, ceteris paribus, as the price of a good or service decreases, the quantity demanded by consumers increases. So it helps consumers anticipate price - drops.