If the price of apple pies rose to $100 per pie,consumers would purchase fewer pies than if the price were $5 per pie.If the price of ice cream fell to $0.30 per scoop,consumers would purchase more ice cream than if the price were $5 per scoop.These relationships illustrate the

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The scenarios presented in the statement reflect the fundamental principle of the law of demand, which states that as the price of a product increases, the quantity demanded decreases, and as the price of a product decreases, the quantity demanded increases.

If the Price of Apple Pies Rose to $100 Per