asked 119k views
18 votes
Law of demand states that


asked
User Quy Le
by
8.4k points

2 Answers

10 votes

Answer:

The higher the price the higher the quantity demand.

Step-by-step explanation:

The law of demand states that the higher the price, the higher the quantity of goods and services demanded at a given period of time.

answered
User Xinyu Li
by
8.8k points
5 votes
The law of demand states that at a higher price consumers will demand a lower quantity of a good
answered
User Yuvi Masory
by
8.3k points

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