Question

The law of demand states that with a fall in the price of a good, there is ______.

विकल्प

• decrease in the quantity demanded

• increase in the quantity demanded

• increase in demand

• decrease in demand

Answer 1

The law of demand states that with a fall in the price of a good, there is increase in the quantity demanded.

Explanation:

The law of demand states that, other things remaining constant, when the price of a good falls, the quantity demanded increases, and when the price rises, the quantity demanded decreases. This shows an inverse relationship between price and quantity demanded.