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Question 15 of 20 The law of demand asserts that reducing the price of a good will cause: O A. the demand for the good to increase B. the supply of the good to decrease © C. the supply of the good to increase D. the demand for the good to decrease​

Respuesta :

Answer: B. The demand for the good to increase

The law of demand declares that the fall in a good's price may result in:

A). The demand for the goods to increase.

  • The law of demand primarily functions to display the association between the demand and price of a good.
  • This asserts that the demand for a product faces a direct impact of the change in the price.
  • If the price of good increases, its demand is ought to fall while a fall in the price of the good would result in its increased demand in the market.

Thus, option A is the correct answer.

Learn more about "Law of Demand" here:

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