Which statement best explains the law of demand? – InterviewSolution

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1.	Which statement best explains the law of demand?
Answer» It states that the QUANTITY DEMANDED of a normal good or service is inversely related to its price, CETERIS paribus, such that an increase in the price of the product LEADS to a decrease in its quantity demanded and a decrease in the price of the product leads to an increase in its quantity demandedExplanation:

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