The law of demand states that,holding all else constant:

Question

Quizplus · Accepted Answer

The law of demand states that as the price of a good or service falls, the quantity demanded of that good or service will typically rise, ceteris paribus. Therefore, option D is the correct answer as it reflects the law of demand. Option A is incorrect as it presents an opposite relationship between price and demand. Option B is incorrect as it presents a positive relationship between price and demand, which contradicts the law of demand. Option C is also incorrect as it suggests that the price has no impact on consumers' demand, which is not true in reality.

The Law of Demand States That,holding All Else Constant