The law of demand states that, other things remaining the same, the higher the price of a good, the

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The law of demand states that there is a negative relationship between the price of a good and the quantity of the good demanded, holding everything else constant. As the price of a good increases, consumers will demand less of it, and vice versa. Therefore, the correct answer is (B) smaller is the quantity of the good demanded.

The Law of Demand States That, Other Things Remaining the Same