Final answer:
According to the law of demand, if prices decrease, customers will buy more because the opportunity cost of buying the product is lower compared to when prices are higher. option a is answer
Step-by-step explanation:
The law of demand is a fundamental principle in economics which suggests a relationship between the price of a product and the demand for that product. According to the law of demand, the correct answer to the question is: A) If prices decrease, customers will buy more. When prices fall, consumers are more likely to increase their quantity demanded because the opportunity cost of forgoing other goods is lower.
Conversely, when prices rise, the quantity demanded tends to decrease as consumers begin to forgo the purchase in favor of potentially more affordable alternatives. This is because as the price goes up, so does the opportunity cost related to purchasing the product. option a is answer