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The law of demand states that other things remaining the same , the __ the __ price of a good , the higher; greater is the quantity demanded higher; smaller is the quantity demanded lower; greater is demand lower; smaller is the quantity demanded

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The law of demand states that other things remaining the same , the __ the
__ price of a good , the
higher; greater is the quantity demanded
higher; smaller is the quantity demanded
lower; greater is demand
lower; smaller is the quantity demanded

The law of demand states that other things remaining the same , the __ the __ price of a good , the higher; greater is the quantity demanded higher; smaller is the quantity demanded lower; greater is demand lower; smaller is the quantity demanded

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The correct answer is: lower; greater is the quantity demanded.<br /><br />The law of demand states that, all else being equal, as the price of a good decreases, the quantity demanded for that good increases. Conversely, as the price of a good increases, the quantity demanded decreases. This relationship between price and quantity demanded is typically represented by a downward-sloping demand curve on a graph.
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