Which of the following best describes the Law of Demand?

When the price of a good or service increases, the quantity demanded for that good or service decreases, provided that all other factors affecting demand are kept constant (unchanged). When the price of a good or service decreases, the quantity demanded for that good or service decreases as well.

When the price of a good or service increases, the quantity demanded for that good or service increases as well.

When the price of a good or service decreases, the quantity demanded for that good or service increases, provided that all other factors affecting demand are kept constant (unchanged). Both C and D are correct

 
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