According to the law of demand,during a given period of time,the quantity of a good demanded
A)Increases as its price rises,ceteris paribus.
B)Increases as its price falls,ceteris paribus.
C)Decreases as its price falls,ceteris paribus.
D)Does not change when price changes.

Question

Quizplus · Accepted Answer

The law of demand states that, ceteris paribus (all other factors being equal), the quantity demanded of a good decreases as its price increases and increases as its price decreases.

According to the Law of Demand,during a Given Period of Time,the