The Law of Demand states that, other things unchanged (ceteris paribus), the quantity of a product demanded decreases when __________ increases.

Group of answer choices

income

the price of the product

the supply of the product

the price of a substitute for the product

1 answer

The Law of Demand states that, other things unchanged (ceteris paribus), the quantity of a product demanded decreases when the price of the product increases.

So the correct choice is the price of the product.