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The law of demand (ceteris paribus) says...
The higher the price, the more consumers will buy
The lower the price, the less consumers will buy
The lower the price, the more consumers will buy
O The lower the price, the more consumers will substitute

Answer :

economicsstudent2021

Answer:

Yes. This is basis the type of the good.

Explanation:

For Example, a Luxury good will be bought only if it priced high and if it is priced less, no one will buy - Example gold.

Normal goods it is otherwise. They will swich for alternatives.

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