Which statement illustrates the law of demand?

Question

Quizplus · Accepted Answer

The law of demand states that as the price of a good or service increases, the quantity demanded for that good or service will decrease, and as the price of a good or service decreases, the quantity demanded for that good or service will increase. Option B illustrates this concept by demonstrating that Lindsay is willing to buy more sticks of chewing gum at a lower price ($1) than at a higher price ($2).

Which Statement Illustrates the Law of Demand