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.

The correct answer is: price of a good increases the quantity demanded decreases.<br /><br />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.