[Solved] The law of demand states that -

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Q.	The law of demand states that -
A.	if the price of a good increases, the demand for that good decreases.
B.	if the price of a good increases, the demand for that good increases.
C.	if the price of a good increases, the quantity demanded of that good decreases
D.	if the price of a good increases, the quantity demanded of that good increases.
Answer» C. if the price of a good increases, the quantity demanded of that good decreases
Explanation: The law of demand states that, other things remaining the same, the quantity demanded of a commodity is inversely related to its price. Thus, according to the law of demand, there is an inverse relationship between price and quantity demanded, other things remaining the same.

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