sancheznanan60 sancheznanan60

31-05-2024
Social Studies

Answered

According to the law of demand, demand for a product falls when:
O
A. its price rises.
B. its supply falls.
O
C. its price falls.
O
D. its supply rises.

Verified Answer :

GinnyAnswer GinnyAnswer

31-05-2024

Final answer:

The law of demand explains how demand for a product decreases when its price increases.

Explanation:

The law of demand states that demand for a product falls when its price rises because as price increases, quantity demanded decreases. This is because consumers are less willing to buy the product at a higher price.

Learn more about law of demand here:

https://brainly.com/question/10782448

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