AustinThaw
Answered

Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Find reliable answers to your questions from a wide community of knowledgeable experts on our user-friendly Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

The law of demand states that as price decreases

wages decrease.
wages decrease.

production increases.
production increases.

demand increases.
demand increases.

quality decreases.

Sagot :

Baraq

Answer:

demand increases.

Explanation:

Given that the law of demand in microeconomic theory stated that under normal situation, the higher the price of specific commodities, the lower the quantity demanded such commodities.

Contrariwise, the lower the price of certain commodities, the higher the quantity demanded of that particular commodities in a given period.

Hence, in this correct answer, the law of demand states that as price decreases the "demand increases."

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.