Which best explains how the law of demand affects consumers?
It helps consumers know when prices are going down.
It helps consumers know when prices are going up.
It helps consumers tell producers when prices are too high.
It helps consumers tell producers when to make new goods.

It helps consumers tell producers when prices are too high.

Explanation:

The law of demand explains the relationship between price and quantity demanded. According to the law, an increase in price results in decline in demand. In other words,  there is an indirect relationship between quantity demanded and price.

When the price is set at a high level, demand tends to decline.  Only a few customers can afford to pay the price as quoted. If the price is reduced, the demand tends to rise. Sales volume can communicate to suppliers whether the price is right, low, or too high. A decrease in sales is an indication that the set price is high.

Answer

C

Explanation:

cuz

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