the law of demand states that\na. demand will exist as long as people have money to buy things.\nb. price…
the law of demand states that\na. demand will exist as long as people have money to buy things.\nb. price will rise as demand falls\nc. people will always buy less of a good or service when its price falls\nd. quantity demanded will rise as price falls, other things being equal
Answer
Brief Explanations:
The law of demand states that, ceteris paribus (other things being equal), the quantity demanded of a good or service is inversely related to its price. When the price of a good or service falls, the quantity demanded by consumers rises, and when the price rises, the quantity demanded falls.
Answer:
D. quantity demanded will rise as price falls, other things being equal