Economy, asked by SadviTiwary25, 11 months ago

Define law of demand state its asumptions

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Answered by Godz

1

Answer:

Law of Demand: Schedule, Curve, Function, Assumptions and Exception. ... It states that the demand for a product decreases with increase in its price and vice versa, while other factors are at constant. Therefore, there is an inverse relationship between the price and quantity demanded of a product.

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