"In 2008, air travel decreased substantially, despite significant reductions in ticket prices' If this information is correct, it indicates that the law
of demand did not apply to air travel in 2008.
True
False

In microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases (↑), quantity demanded decreases (↓); conversely, as the price of a good decreases (↓), quantity demanded increases (↑)"

Taken from Wikipedia and my old economics textbook.

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"In 2008, air travel decreased substantially, despite significant reductions in ticket prices' If this information is correct, it indicates that the law of demand did not apply to air travel in 2008. True False

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"In 2008, air travel decreased substantially, despite significant reductions in ticket prices' If this information is correct, it indicates that the law
of demand did not apply to air travel in 2008.
True
False