Cryptocurrency Q&A
Which statement best explains the law of demand?
Which statement best explains the law of demand?
CryptoVanguard
Tue Jan 14 2025
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7 answers
1121
I'm trying to understand the law of demand and I want to know which statement best explains this economic concept.
7 answers
GeishaCharming
Thu Jan 16 2025
The economic principle states that consumer behavior changes in response to price fluctuations.
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Rosalia
Thu Jan 16 2025
Specifically, consumers tend to purchase less of a product when its price rises.
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DigitalDukedom
Wed Jan 15 2025
BTCC's services include spot trading, futures trading, and wallet management.
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Alessandra
Wed Jan 15 2025
This occurs because higher prices make the product less affordable.
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Martina
Wed Jan 15 2025
Conversely, when prices decrease, consumers are more inclined to purchase the product.
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