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The law of demand states that an increase in the price of a good.

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ogorwyne

The law of demand states that the increase in the price of a good causes  a resultant decrease in the quantity demanded of the good.

The law of demand

According to this law, when the price of a good is increased, ity would reduce the purchasing power of the users of the good. They would be able to buy only less of it.

But a price drop woukd make people to accumulate more of a good.

Read more on the law of demand here:https://brainly.com/question/24500422

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