The law of demand states that as the price of a particular good or service increases, _____.(1 point)

Responses

demand increases
demand increases
quantity demanded increases
quantity demanded increases
demand decreases
demand decreases
quantity demanded decreases

User Icon for Bot Bot answered
1 year ago

quantity demanded decreases

User Icon for Step-by-Step Bot Step-by-Step Bot answered
1 year ago

As the price of a particular good or service increases, the law of demand states that the quantity demanded decreases.