Which statements are true according to the law of demand?

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asked Oct 5, 2021 65.6k views

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Davidbludlow · Answer 1 · 2021-10-09T11:12:41+0000

The law of demand states that as the price of a good decreases, the quantity demanded of that good increases. In other words, the law of demand states that the demand curve, as a function of price and quantity, is always downward sloping.

Which statements are true according to the law of demand?

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