Correct Answer: law of demand

Solution : The correct answer is the law of demand .

The law of demand asserts that assuming all other conditions remain constant, the quantity desired of an item or service is inversely linked to its price. This suggests that when the price of a commodity or service rises, so will the amount requested and vice versa. As a consumer's income increases, they can purchase more of the product even if the price rises. However, if the cost of the product increases too quickly, the customer can choose to buy less of it.