The Law of Demand states that as the price of a good increases, consumers will buy more of that item. price of a good decreases, suppliers will decrease the supply of that item. price of a good increases the quantity demanded decreases. price of a good decreases, the quantity demanded decreases.

Question

The Law of Demand states that as the price of a good increases, consumers will buy more of that item. price of a good decreases, suppliers will decrease the supply of that item. price of a good increases the quantity demanded decreases. price of a good decreases, the quantity demanded decreases.

Answer 1

The correct answer is: price of a good increases the quantity demanded decreases.The Law of Demand states that as the price of a good increases, the quantity demanded decreases. This means that consumers are less likely to purchase a good when its price is higher. Conversely, when the price of a good decreases, the quantity demanded increases, indicating that consumers are more likely to purchase the good when its price is lower.

Problemas

The Law of Demand states that as the price of a good increases, consumers will buy more of that item. price of a good decreases, suppliers will decrease the supply of that item. price of a good increases the quantity demanded decreases. price of a good decreases, the quantity demanded decreases.

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