Question

explain importance of the law of demand?​

Answer 1

Answer:

The law of demand is one of the most fundamental concepts in economics. It works with the law of supply to explain how market economies allocate resources and determine the prices of goods and services that we observe in everyday transactions. ... In other words, the higher the price, the lower the quantity demanded.

Answer 2

Answer:

I will maintain the rules and regulations in a country.

I think this will help you and so please like and mark it as the brainliest.