The Basic Law of Demand Says That All Other Things

Multiple Choice

The basic law of demand says that all other things being the same,_______________________.

A) The lower the price of a product,the less of it consumers will purchase
B) The higher the price of a product,the less of it consumers will purchase
C) The lower the price of a product,the more of it consumers will purchase
D) The higher the price of a product,the more of it consumers will purchase
E) The greater the number of units of a product sold in the past,the more of it consumers will purchase that product in the future