according to the law of demand what will happen as the price of a good or service decreases
Law of demand
Generally the amount demanded of a good increases with a decrease in price of the good and vice versa . In some cases , however , this may not be true . There are certain goods which do not follow this law . These include ( Veblen goods ) and Giffen goods . Further exception and details are given in the sections below . 
Generally the amount demanded of a good increases with a decrease in price of the good and vice versa . In some cases , however , this may not be true . There are certain goods which do not follow this law . These include ( Veblen goods ) and Giffen goods . Further exception and details are given in the sections below .
Generally the amount demanded of a good increases with a decrease in price of the good and vice versa . There are certain goods which do not follow this law . These include ( Veblen goods ) and Giffen goods .
Generally the amount demanded of a good increases with a decrease in price of the good and vice versa . There are certain goods which do not follow this law . These include ( Veblen goods ) and Giffen goods .