Question

The Law of Demand is one of the most famous laws in economics. It states that when the price of a good rises, the amount demanded ______________, and when the price of a good falls, the amount demanded _____________.

Answer 1

When the price of a good rises the amount demanded decreases and when the price of a good falls the amount demanded increases

Answer 2

When the price of a good rises the amount demanded decreases and when the price of a good falls the amount demanded increases