What is theory of demand?

Mathematics

2 answers:

Yuri [45]3 years ago

4 0

Answer:

Demand theory is an economic principle relating to the relationship between consumer demand for goods and services and their prices in the market. ... As more of a good or service is available, demand drops and so does the equilibrium price.

Anna [14]3 years ago

3 0

Demand theory describes the way that changes in the quantity of a good or service demanded by consumers affects its price in the market, The theory states that the higher the price of a product is, all else equal, the less of it will be demanded, inferring a downward sloping demand curve.

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What is theory of demand?​

What is theory of demand?