Answer:
Law of Demand is the Economic principle that is demonstrated here.
Explanation:
As we know that ,
The Law of Demand is a fundamental principle of Economics which states that at a higher price consumers will demand a lower quantity of a good.
Here,
If the company Tesla is increasing its price then the consumer Abby will search for lower quantity i.e Abby will decide to buy a different car model.
So, The Economic principle that demonstrated here is Law of Demand .
