Q. The law of demand states that - (Solved)
1. if the price of a good increases, the demand for that good decreases.
2. if the price of a good increases, the demand for that good increases.
3. if the price of a good increases, the quantity demanded of that good decreases
4. if the price of a good increases, the quantity demanded of that good increases.
- c. if the price of a good increases, the quantity demanded of that good decreases