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The law of demand states that:
a. A decrease in supply of a good will lead to a decrease in demand for that good.
b. An increase in the price of a good will lead to a decrease in consumer demand, and a decrease in the price of a good will lead to an increase in consumer demand.
c. An increase in supply of a good will lead to a decrease in demand for that good.
d. An increase in income will lead to a decrease in demand, and a decrease in income will lead to an increase in demand.

Respuesta :

WarLord
The answer is B. An increase in the price of a good will lead to a decrease in consumer demand, and a decrease in the price of a good will lead to an increase in consumer demand.

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