The law of demand tells us that people will buy more of a good if
A)the price of that good decreases.
B)the prices of other goods decrease.
C)people's income increases.
D)every factor that can affect people's buying decisions changes.

Question

Quizplus · Accepted Answer

The law of demand states that as the price of a good or service increases, the quantity demanded decreases, and vice versa. Therefore, if the price of a good decreases, people will be willing to buy more of it, according to the law of demand.

The Law of Demand Tells Us That People Will Buy