Economy, asked by aestapleton22, 10 months ago

Which statement best explains the law of demand?

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Answered by Anonymous

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Answer:

It states that the quantity demanded of a normal good or service is inversely related to its price, ceteris paribus, such that an increase in the price of the product leads to a decrease in its quantity demanded and a decrease in the price of the product leads to an increase in its quantity demanded

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