Answer:
The correct answer is A. The law of demand maintains that buyers will purchase more of a product as its price drops.
Explanation:
The law of demand is a central assumption in consumer theory that, all else being equal, an increase in the price of a good will cause the demand for the goods to fall. This is because increasing the price of the goods will increase the consumer's alternative costs. In other words, the law stipulates an inverse relationship between price and demand. “Everything else” aims to disregard other factors that have an impact on demand, such as changes in the consumer's income and the price of other goods.
