Question

The Law of Demand states that when the price of a good rises, the Quantity Demanded will (Click to select) . b. The Law of Demand states that when the price of a good falls, the Quantity Demanded will

Answer 1

Answer: See explanation

Step-by-step explanation:

a. The Law of Demand states that when the price of a good rises, then the Quantity Demanded will (fall)

b. The Law of Demand states that when the price of a good falls, then the Quantity Demanded will (rise).

According to the law of demand, when there's an increase in the price of a product, there'll be a reduction in the quantity of the good that will be demanded by the consumers and vice versa.