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Karolina [17]
4 years ago
5

According to the law of demand, assuming other factors are held constant

Business
1 answer:
ohaa [14]4 years ago
5 0

Answer:

a. As the price of milk decreases, the quantity of milk demanded will increase.

Explanation:

According to the law of demand, if the price of a commodity is increasing than the quantity demanded of a commodity is decreased, and if the price of a commodity is decrease than the quantity demanded of a commodity is increased.  

It means that it shows an inverse relationship between the price and the quantity demanded of a commodity.

In this, only two factors are changed, and the other factors are being constant

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