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An expensive electronics store decides to lower the prices on all of its laptop computers. according to the law of demand, what outcome can the electronics store expect?

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More customers will be interested in buying its laptops is an outcome can the electronics store expect, According to the law of demand.

What is law of demand?

  • The law of demand, a cornerstone of microeconomics, asserts the inverse relationship between price and quantity desired.
  • In other words, "conditioning on all other things being equal, the quantity demanded will drop as the price of a good increases; conversely, the amount demanded will increase as the price of a good lowers."
  • When we say that a person's demand for anything increases, we imply that he will buy more of it than he would have at the previous price and that he will buy as much at the previous price, according to Alfred Marshall.

To know more about law of demand with the given link

https://brainly.com/question/10782448

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