The law of demand asserts that: a. when the price of most goods increases, the quantity available of the good will decrease except in a few cases (like when people buy essential medicines). b. there is an inverse relationship between the price of a good and the amount people want of it. c. human wants cannot be satisfied. d. there are no free goods. e. people will do anything to obtain goods that they demand as a matter of right.

b. there is an inverse relationship between the price of a good and the amount people want of it.

Explanation:

The law of demand states that when the price of a good increases, people is less willing to buy the product, so the quantity demanded decreases. This indicates that there is an inverse relationship between this two variables. According to this, the demand curve is downward-sloping which reflects this relationship.

answer; generalizability;