The law of demand implies that you will:
A)buy more at higher prices.
B)buy more at lower prices.
C)offer more on the market at lower prices.
D)offer less on the market at higher prices.

Question

Quizplus · Accepted Answer

The law of demand states that as the price of a good or service decreases, the quantity demanded of that good or service will increase, and vice versa. Therefore, consumers will buy more at lower prices, which is option B.

The Law of Demand Implies That You Will