Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

According to ____________, when price decreases, demand rises, and when price increases, demand falls.

Sagot :

Answer:

Law of Demand

Explanation:

The law of demand defines that there is an inverse relation between the price of a commodity and quantity demanded of the commodity. So when price increases, the quantity demanded decreases and vice-versa.

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.