other things remaining equal, the law of demand says that higher prices will lead to a\na. larger quantity…
other things remaining equal, the law of demand says that higher prices will lead to a\na. larger quantity demanded and lower prices to a smaller quantity demanded.\nb. smaller quantity demanded and lower prices to a larger quantity demanded.\nc. smaller quantity demanded and lower prices to a smaller quantity demanded.\nd. larger quantity demanded and lower prices to a larger quantity demanded.
Answer
Brief Explanations:
The law of demand states an inverse relationship between price and quantity demanded. Higher prices make goods less affordable or attractive, reducing quantity demanded. Lower prices make goods more accessible or appealing, increasing quantity demanded.
Answer:
B. smaller quantity demanded and lower prices to a larger quantity demanded.