Economy, asked by ansarinaziya657, 5 months ago

draw market demand curve base on above market demand schedule​

Answers

Answered by satyamrajput83317
5

Answer:

The Law of Demand states that when the price of a commodity falls, its demand increases and when the price 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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