The law of demand works as long as nothing else besides the price of the product changes.

Name: The law of demand works as long as nothing else besides the price of the product changes.
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Question

Quizplus · Accepted Answer

The law of demand states that, ceteris paribus (all other factors being equal), as the price of a product decreases, the quantity demanded increases, and vice versa. This principle assumes that no other factors besides the product's price change.

The Law of Demand Works as Long as Nothing Else