Question

What is the relationship between price and quantity demanded according to the Law of Demand?

विकल्प

• As price rises, quantity demanded increases

• As price rises, quantity demanded stays the same

• As price falls, quantity demanded increases

• As price falls, quantity demanded decreases

Answer 1

As price falls, quantity demanded increases

Explanation:

The Law of Demand states that, other things being equal, when the price of a commodity falls, the quantity demanded increases.