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Sagot :
Final answer:
The Law of Demand states that lower prices lead to increased purchase quantity and vice versa.
Explanation:
The Law of Demand states that, all other factors remaining equal, a lower price leads consumers to purchase more units of a product, while a higher price leads to a decrease in the quantity demanded. This principle is based on the idea of diminishing marginal utility and consumer valuation differences, resulting in a negative relationship between price and quantity demanded.
Learn more about Law of Demand here:
https://brainly.com/question/32463907
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