difference between law of demand and return of scale
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Answer:The law of returns to scale states when there are a proportionate change in the amounts of inputs, the behavior of output also changes. The degree of change in output varies with change in the amount of inputs.
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The law of demand states that other factors being constant price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.
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