Under the law of demand, any increase in price will cause ____ in quantity demanded.

Name: Under the law of demand, any increase in price will cause ____ in quantity demanded.
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Question

Quizplus · Accepted Answer

According to the law of demand, there is an inverse relationship between price and quantity demanded. This means that as price increases, quantity demanded decreases and vice versa. Therefore, any increase in price will cause a decrease in quantity demanded.

Under the Law of Demand, Any Increase in Price Will