alleryStart learning →That inverse link between price and quantity demanded is called the law of:
ADiscount
BDemand
CDescent
DDensity
Answer & Solution
Correct answer: B. Demand
1. Price up, quantity down; price down, quantity up.
2. Economists give that regular pattern a name.
3. It is the law of demand.
_Source: OpenStax Principles of Microeconomics 3e, Chapter 3, Demand and Supply._
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