3 years ago

What is law of demand?

Social Studies

2 answers:

Norma-Jean [14]3 years ago

8 0

Answer:

As prices rise quantity demand falls as prices fall quantity demans rises inverse relationship???

Korolek [52]3 years ago

3 0

Answer:

The law of demand states that all other things being equal, the quantity bought of a good or service is a function of price. As long as nothing else changes, people will buy less of something when its price rises. They'll buy more when its price falls.

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