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The Law of Demand states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good. In other words, the higher the price, the lower the quantity demanded. The amount of a good that buyers purchase at a higher price is less because as the price of a good goes up, so does the opportunity cost of buying that good. As a result, people will naturally avoid buying a product that will force them to forgo the consumption of something else they value more.
Дата публикования: 2014-10-25; Прочитано: 428 | Нарушение авторского права страницы | Мы поможем в написании вашей работы!