Define:- law of demand Don't copy answer from internet
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ɪɴ ᴍɪᴄʀᴏᴇᴄᴏɴᴏᴍɪᴄs, ᴛʜᴇ ʟᴀᴡ ᴏғ ᴅᴇᴍᴀɴᴅ sᴛᴀᴛᴇs ᴛʜᴀᴛ, "ᴄᴏɴᴅɪᴛɪᴏɴᴀʟ ᴏɴ ᴀʟʟ ᴇʟsᴇ ʙᴇɪɴɢ ᴇϙᴜᴀʟ, ᴀs ᴛʜᴇ ᴘʀɪᴄᴇ ᴏғ ᴀ ɢᴏᴏᴅ ɪɴᴄʀᴇᴀsᴇs, ϙᴜᴀɴᴛɪᴛʏ ᴅᴇᴍᴀɴᴅᴇᴅ ᴅᴇᴄʀᴇᴀsᴇs; ᴄᴏɴᴠᴇʀsᴇʟʏ, ᴀs ᴛʜᴇ ᴘʀɪᴄᴇ ᴏғ ᴀ ɢᴏᴏᴅ ᴅᴇᴄʀᴇᴀsᴇs, ϙᴜᴀɴᴛɪᴛʏ ᴅᴇᴍᴀɴᴅᴇᴅ ɪɴᴄʀᴇᴀsᴇs".
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Definition of Law of Demand
The Law of Demand states that other things remaining equal the quantity demanded of a commodity increases when its price falls and decreases when its price rises.
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