| A change in quantity demanded describes a behavioral response to a price change, in accordance with the law of demand. |
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| The law of demand states that, other things being equal, demand for a product will be determined by its price. |
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| The law of demand predicts that as the price of a good rises, demand for that good will decrease. |
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| Before introducing the relationship between price and demand, it helps to state up front the law of demand. |
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| An examination of the law of demand for successive years enables us to see the way in which the demand curve has shifted as a result of secular changes. |
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| The law of demand and supply dictates that prices increase when demand is larger than supply, and vice versa. |
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| Standard courses in economics talk about the law of demand and supply, where prices are determined to equate the two. |
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| Following the law of demand and supply, the increase in demand for a currency will cause prices to go up. |
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| The law of demand says that we cannot get both coverage and sustainability at the same time-as prices go up, demand will come down. |
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| In general, the proportion of respondents willing to pay a price premium decreases as the premium increases, consistent with the law of demand. |
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| Sales is the dependent variable in the law of demand because the variable is considered to be determined or influenced by price. |
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| As I have noted in the past, the law of demand is a bummer. |
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| The law of demand states that, in general, price and quantity demanded in a given market are inversely related. |
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