According to the law of demand, if the price of compact disks decreased, everything else held constant, the demand for compact disks would increase.

Question

Quizplus · Accepted Answer

The law of demand states that if the price of compact disks decreased, everything else held constant, the quantity demanded for compact disks would increase, not the demand itself. Demand refers to the entire relationship between price and the quantity demanded, while quantity demanded refers to the specific amount that is demanded at a particular price.

According to the Law of Demand, If the Price of Compact