according to the law of demand what role do low prices serve for buyers?

Answer 1

According to the law of demand, low prices serve as an incentive for buyers. When prices are low, buyers are more likely to purchase a good or service because it becomes more affordable and offers a higher perceived value. Lower prices allow buyers to obtain more quantity or quality for their money, thereby encouraging increased demand and consumption. Consequently, low prices play a vital role in attracting buyers and stimulating their purchasing behavior.