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OpenStudy (anonymous):
the law of demand says that?
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OpenStudy (anonymous):
You are talking about microeconomics, right?
OpenStudy (anonymous):
all other factors being equal, as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa.
OpenStudy (anonymous):
Which is basically saying that price goes up: demand goes downs, as the price goes down:demand goes up
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