Multiple choice

There is one General Law of Demand the quantity demanded increases with a

  1. fall in price

  2. rise in price

  3. stable price

  4. increasing utility

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Law of Demand states that, ceteris paribus, there is an inverse relationship between price and quantity demanded. Therefore, a decrease in price leads to an increase in the quantity demanded.