According to the law of demand
A) people buy more of a good when the price rises.
B) people buy more of a good when their income rises.
C) people buy more of a good when the relative price rises.
D) people buy more of a good when the price falls.

Question

Quizplus · Accepted Answer

The law of demand states that as the price of a good or service increases, the quantity demanded decreases, and as the price decreases, the quantity demanded increases. Therefore, people buy more of a good when the price falls.

According to the Law of Demand