The tendency for consumers to purchase more of a good or service as its price falls is called the

Name: The tendency for consumers to purchase more of a good or service as its price falls is called the
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The tendency for consumers to purchase more of a good or service as its price falls is referred to as the law of demand. This means that as the price of a good or service decreases, consumers are willing and able to buy more of it, and as the price increases, they are less willing and able to buy it.

The Tendency for Consumers to Purchase More of a Good