The law of demand says that when price rises, quantity demanded decreases.

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The law of demand is a fundamental concept in economics that states that as the price of a good or service increases, the demand for that good or service will decrease, ceteris paribus. This means that when the price of a good or service increases, consumers will generally buy less of it. Conversely, as the price of a good or service decreases, the demand for that good or service will increase, ceteris paribus. This means that when the price of a good or service decreases, consumers will generally buy more of it.

The Law of Demand Says That When Price Rises, Quantity