The law of demand can be stated as:

Name: The law of demand can be stated as:
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The law of demand states that all else equal, quantity demanded rises as price falls. This means that as the price of a good or service decreases, consumers will be more willing and able to buy it, resulting in an increase in the quantity demanded. Conversely, as the price of a good or service increases, consumers will be less willing and able to buy it, resulting in a decrease in the quantity demanded.

The Law of Demand Can Be Stated As