PRACTICING DEMAND The law of demand states- when the price increases, the quantity demanded will decreases When the price decreases, the quantity demanded will increases If a change in price has an effect on the change in quantity, this is known as (elastic / inelastic) demand. Give a specific example of this type of demand. If the federal government says that fish is healthy for you, the demand for fish will (increase decrease). Which determinant of demand causes this change? elastic demand Which way will the demand curve shift? (left / (ight) Draw the new demand curve- Label it DI. D