Answered

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What does the law of demand state about consumer decisions?

A. Consumers will buy more at lower prices.
B. Consumers will buy more based on the opportunity cost.
C. Consumers will buy less at lower prices.
D. Consumers will buy less based on the opportunity cost.

Sagot :

GinnyAnswer

Final answer:

The law of demand explains that consumers will buy less at lower prices due to the opportunity cost involved.


Explanation:

The law of demand states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good. In essence, consumers will buy less at lower prices because the opportunity cost of buying that good increases.


Learn more about Law of Demand here:

https://brainly.com/question/32463907


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