A change in the price of a service leads to a change in quantity demanded of the service.

Name: A change in the price of a service leads to a change in quantity demanded of the service.
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Question

Quizplus · Accepted Answer

According to the law of demand, there is an inverse relationship between the price of a service (or good) and the quantity demanded. When the price of a service decreases, the quantity demanded typically increases, and vice versa.

A Change in the Price of a Service Leads to a Change