Question

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

Responses

quantity demanded increases
quantity demanded increases

quantity demanded decreases
quantity demanded decreases

demand decreases
demand decreases

demand increases

Answer 1

[AI-generated answer — Bot GPT 3.5]

quantity demanded decreases

Answer 2

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

The correct answer is: quantity demanded decreases.