Question

defines law of demand.. King back on kingdom✌✌✌✌✌ be ready for fire​

Answer 1

Answer:

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.

Explanation:

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Answer 2

Answer:

law of demand means

when the price of good increases

then demand for a good decreases

when the price of good decreases

demand increases