The law of demand states that with a fall in the price of a good, there is ______.

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The law of demand states that with a fall in the price of a good, there is increase in the quantity demanded. Explanation: The law of demand states that, other things remaining constant, when the price of a good falls, the quantity demanded increases, and when the price rises, the quantity demanded decreases. This shows an inverse relationship between price and quantity demanded.

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