Respuesta :

Answer:

The law of demand states that as the price of a particular good or service increases d) quantity demanded decreases

The correct answer option is (d)

Explanation:

  • Law of demand declares that extra factors being constant, price and quantity demanded of goods and services are inversely correlated to each other.
  • Meanwhile, the price of a product rises, the demand for the same product will decrease.

For example,

Price and Demand for Orange:

When the price of orange increases, the demand will decrease.

When the price of orange decreases, the demand for orange will rise.

Learn more about law of demand, refer:

  • https://brainly.com/question/1222851
  • https://brainly.com/question/737983

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