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timofeeve [1]
2 years ago
11

USE LAW OF DEMAND IN A SENTENCE

English
1 answer:
In-s [12.5K]2 years ago
8 0

Answer:

When analyzing the process of the exchange of goods and services, one must not ignore the law of demand.

Explanation:

The law of demand is a concept from microeconomics stating that price and quantity of goods and services are inversely proportional while other factors remain unchanged. This means that, when the price of a product decreases, the demand for it increases, and the other way around. It is natural that consumers are more likely to purchase a product when its price is lower, thus increasing the demand for it.

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