Question

Explain :- Law of demand Don't copy answer from internet

Answer 1

Answer:

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Explanation:

The law of demand states that other factors being constant (cetris peribus), 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.

Answer 2

Explanation:

Law of Demand

The Law of Demand indicates an inverse relationship between the price and the quantity demanded of a commodity.

That is , with a rise in price the demand will fall and with a fall in price the demand will rise.

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