please select the word from the list that best fits the definition. economic principle stating that…
please select the word from the list that best fits the definition. economic principle stating that consumers will demand more of a product as the price decreases. capitalism law of demand legitimacy world wide web traditional authority rational - legal authority
Answer
Brief Explanations:
The law of demand in economics states that, ceteris paribus, as the price of a product falls, the quantity demanded by consumers rises.
Answer:
law of demand