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Answer:
When analyzing the process of the exchange of goods and services, one must not ignore the law of demand.
Explanation:
The law of demand is a concept from microeconomics stating that price and quantity of goods and services are inversely proportional while other factors remain unchanged. This means that, when the price of a product decreases, the demand for it increases, and the other way around. It is natural that consumers are more likely to purchase a product when its price is lower, thus increasing the demand for it.
