History, asked by ay8197626, 1 month ago

defines law of demand. king back​

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Answered by anshulsatvik
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Explanation:

The law of demand is one of the most fundamental concepts in economics. ... The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. This occurs because of diminishing marginal utility.

Answered by pakeezanoor044
0

Answer:

The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded

Explanation:

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