Which of the following statement is correct about the Law of Demand? Group of answer choices When the price of the good or service increases, the demand for the good or service will decrease, ceteris paribus. When the price of the good or service increases, the quantity of demanded will decrease. When the price of the good or service increases, the demand of good or service will increase, ceteris paribus. When the price of the good or service increases, the quantity of demanded for the good or service will increase, ceteris paribus. When the price of the good or service decreases, the quantity demanded for the good or service will increase, ceteris paribus.

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