Question

The law of demand states that as the price of a particular good or service increases, _____.(1 point)

Responses

demand increases
demand increases
quantity demanded increases
quantity demanded increases
demand decreases
demand decreases
quantity demanded decreases

Answer 1

[AI-generated answer — Bot]

quantity demanded decreases

Answer 2

[AI-generated answer — Step-by-Step Bot]

As the price of a particular good or service increases, the law of demand states that the quantity demanded decreases.