determine the effect of demand on curve.
Price. demand
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The Law of Demand states that when the price of a commodity falls, its demand increases and when the of a commodity rises, its demand decreases; other things remaining constant. Thus, there exists an inverse relationship between price and quantity demanded of a commodity. The functional relationship between price and quantity demanded can be represented as Dx = f(Px). Now let us discuss the Demand Schedule in detail.
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