Question

Economic principle stating that consumers will demand more of a product as the price decreases. T or F

Answer 1

it is the law of demand 

Answer 2

Answer: True

Explanation: If the price of a given product decreases (maybe because there is more supply of the product that the needed) the lower price will attract more people to buy the product, and "take advantage" of the new price. This makes the demand to increase, and this is a good way to equilibrate the quantity of the said item in stock.

So the statement is true.