Economy, asked by yadavshivamray, 2 months ago

23. "Demand curve is depiction of law of demand." Clarify
IB.S.E.B., (Arts),

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Answered by Wincytelly

2

Answer:

The law of demand is a fundamental principle of economics that states that at a higher price consumers will demand a lower quantity of a good. ... A market demand curve expresses the sum of quantity demanded at each price across all consumers in the market.

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