According to the law of demand, if the price of a good increases, other things being equal, the quantity demanded will decrease.

Name: According to the law of demand, if the price of a good increases, other things being equal, the quantity demanded will decrease.
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Quizplus · Accepted Answer

The law of demand states that there is an inverse relationship between price and quantity demanded, which means that if the price of a good increases, the quantity demanded will decrease, assuming all other factors remain constant.

According to the Law of Demand, If the Price of a Good