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The Law of Demand

Question 10 • RAIL NCAA OC Economics 2027

If the price of a want goes up, people tend to buy .

Answer
A
more than before
B
less than before
C
about the same amount

Explanation

When the price of a want goes up, people generally buy less of it, assuming other things stay the same. This is the law of demand: a higher price makes the item less attractive or affordable, so “less than before” is the correct choice.

AI-written and checked against the verified answer.