According to the law of demand, as prices rise, ceteris paribus A. quantity demanded decreases. B. quantity demanded increases. C. demand increases. D. demand decreases.

A) quantity demanded decreases.

Explanation:

The law of demand states that as the price of a good or service increases, the quantity demanded (not the demand) of the good or service will decrease. This happens because less consumers are willing to purchase the goods or services and since the supply doesn't change, overstocking will result, which will decrease the equilibrium price.

*The demand of a good or service is shown by the demand curve, but the points in the curve represent the quantity demanded.

answer; whoever is willing and able to pay the price;

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