3 years ago

The law of demand states that as price decreases

English

1 answer:

RUDIKE [14]3 years ago

4 0

Answer:

demand increases.

Explanation:

Given that the law of demand in microeconomic theory stated that under normal situation, the higher the price of specific commodities, the lower the quantity demanded such commodities.

Contrariwise, the lower the price of certain commodities, the higher the quantity demanded of that particular commodities in a given period.

Hence, in this correct answer, the law of demand states that as price decreases the "demand increases."

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