What does the Law of Demand state? * When the price of something increases,

the quantity demanded increases When the price of something decreases,

the quantity demanded increases When the price of something increases,

the quantity demanded decreases When the price of something decreases,

the quantity demanded decreases

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Sherlock

14 April, 08:40

What does the Law of Demand state? * When the price of something increases,

the quantity demanded increases When the price of something decreases,

the quantity demanded increases When the price of something increases,

the quantity demanded decreases When the price of something decreases,

the quantity demanded decreases

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Marc Brady · Answer 1

that a higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded. Demand curves and demand schedules are tools used to summarize the relationship between quantity demanded and price.