Question

explain law of demand.​

Answer 1

$answer$

In microeconomics, the law of demand is a fundamental principle which states that, "conditional on all else being equal, as the price of a good increases, quantity demanded will decrease; conversely, as the price of a good decreases, quantity demanded will increase". Wikipedia

Formula

Q_{x}=f\left(P_{x} ; \mathbf{Y}\right)

Q_{x} = quantity demanded of good x

f = demand function

P_{x} = price of the good

{Y} = list of other parameters held constant

Answer 2

Answer:

In microeconomics, the law of demand is a fundamental principle which states that, "conditional on all else being equal, as the price of a good increases, quantity demanded will decrease; conversely, as the price of a good decreases, quantity demanded will increase".

Formula

Qx = f (px ; y)

Explanation:

Hope it is helpful for you

have a nice day