ECONOMICS
DEMAND
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Question
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Consumers are willing to buy more at lower prices than higher prices
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law of demand
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law of supply
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law of inverse
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scarcity
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Explanation:
Detailed explanation-1: -The law of demand states that a higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded. Demand curves and demand schedules are tools used to summarize the relationship between quantity demanded and price.
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