As prices rise,the quantity demanded will generally decline.

Name: As prices rise,the quantity demanded will generally decline.
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This principle is known as the law of demand, which states that as the price of a good or service increases, the quantity demanded will decrease, all other things being equal. Conversely, as the price decreases, the quantity demanded will generally increase. This is based on the assumption that consumers will naturally seek to purchase a lower-cost option when available.

As Prices Rise,the Quantity Demanded Will Generally Decline