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Sveta_85 [38]
2 years ago
11

Define the law of demand and explain how this relates to typical human behavior.

Social Studies
1 answer:
Anarel [89]2 years ago
3 0
The law of demand is used in economics to express the fact that when other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other.This is the general human behavior on relationship between the price of the commodity and the quantity demanded.
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