Which statement best explains the law of demand?
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the total amount of a product available in a market at a given price is called the
supply
The Graph examines the market for graphic T-shirts. Based on the graph, which statement best explains the law of demand
A product becomes less popular and fewer customers purchase it
Which statement best explains the law of demand
The quantity demanded by consumers decreases as prices rise, then increase as prices fall.
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The law of demand states that as the price of a good decreases, the quantity demanded of that good increases. In other words, the law of demand states that the demand curve, as a function of price and quantity, is always.....
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