According to the law of demand, the price of a product increases when the quantity demanded increases.

Question

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According to the law of demand, the price of a product decreases when the quantity demanded increases. This is because consumers are willing to buy more of a product at a lower price, resulting in an increase in demand and a decrease in price. Conversely, if the price increases, consumers will be less willing to buy the product, resulting in a decrease in demand and a possible increase in price.

According to the Law of Demand, the Price of a Product