The law of demand explains that:
A. demand for a product goes up as the price goes down.
B. supply of a product goes down as the price goes down.
Ο Ο Ο Ο
C. supply of a product goes down as the price goes down.
D. demand for a product goes down as the price goes down.

Definition: The law of demand is one of the most fundamental concepts in economics. ... The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded.

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The law of demand explains that: A. demand for a product goes up as the price goes down. B. supply of a product goes down as the price goes down. Ο Ο Ο Ο C. supply of a product goes down as the price goes down. D. demand for a product goes down as the price goes down.

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The law of demand explains that:
A. demand for a product goes up as the price goes down.
B. supply of a product goes down as the price goes down.
Ο Ο Ο Ο
C. supply of a product goes down as the price goes down.
D. demand for a product goes down as the price goes down.