The statement "the quantity demanded of a product varies inversely with its price" is a definition of

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asked Apr 22, 2017 103k views

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GoClimbColorado · Answer 1 · 2017-04-26T05:57:03+0000

The correct answer that would best complete the given statement above would be the term LAW OF DEMAND. The law of demand states that the quantity demanded of a product varies inversely with its price, as long as other things do not change. Hope this answers the question.

The statement "the quantity demanded of a product varies inversely with its price" is a definition of

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