Question
The law of demand states that as the price of a particular good or service increases, _____.(1 point)
Responses
quantity demanded decreases
quantity demanded decreases
demand decreases
demand decreases
quantity demanded increases
quantity demanded increases
demand increases
Responses
quantity demanded decreases
quantity demanded decreases
demand decreases
demand decreases
quantity demanded increases
quantity demanded increases
demand increases
Answers
GPT-4o mini
The law of demand states that as the price of a particular good or service increases, **quantity demanded decreases**.