prompt\nwhat is the law of demand?\nread more >>

Brief Explanations:

The law of demand states that, ceteris paribus (all other things being equal), as the price of a good or service increases, the quantity demanded by consumers decreases, and as the price decreases, the quantity demanded increases. It reflects an inverse relationship between price and quantity demanded.

Answer:

The law of demand states that, all else equal, as the price of a good or service rises, the quantity demanded falls, and as the price falls, the quantity demanded rises, showing an inverse price - quantity demanded relationship.