The tendency for consumers to purchase more of a good or service as its price falls is captured by the:
A)law of supply.
B)law of increasing cost.
C)Low-Hanging Fruit Principle.
D)law of demand.

Name: The tendency for consumers to purchase more of a good or service as its price falls is captured by the: A)law of supply. B)law of increasing cost. C)Low-Hanging Fruit Principle. D)law of demand.
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Question

Quizplus · Accepted Answer

The negative relationship between price and quantity demanded is implied by the law of demand.

The Tendency for Consumers to Purchase More of a Good