Limited access

Upgrade to access all content for this subject

Which of the following best describes the law of demand?

A

When products become more popular, consumers will buy more of them.

B

If the price of a product increases, the quantity demanded will increase.

C

If the price of a product increases, its demand will increase.

D

If the price of a product decreases, its demand will increase.

E

If the price of a product increases, the quantity demanded will decrease.

Select an assignment template