select the correct answer. what does the law of demand state? a. when the price is higher, the quantity…
select the correct answer. what does the law of demand state? a. when the price is higher, the quantity demanded is higher. b. when the price is higher, the quantity supplied is lower. c. when the price is lower, the quantity demanded is higher.
Answer
Answer:
C. When the price is lower, the quantity demanded is higher.
Brief Explanations:
The law of demand states an inverse relationship between price and quantity demanded. As price decreases, quantity demanded increases.