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.
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.