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The law of demand states that the demand of something is directly related to the price. When the demand in something raises, the cost also goes up.

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9y ago
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1d ago

The law of demand states that as the price of a good or service decreases, the quantity demanded by consumers increases, and vice versa. In other words, there is an inverse relationship between price and quantity demanded - when the price goes down, people buy more, and when the price goes up, people buy less.

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Q: Which statement best best describes the law of demand best?
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