Question

explain law of demand with table

Answer 1

here is your answer

☞The law of demand states that all other things being equal, the quantity bought of a good or service is a function of price. ... If the amount bought changes a lot when the price does, then it's called elastic demand. An example of this is ice cream. You can easily get a different dessert if the price rises too high.

☞Definition: 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. ... The above diagram shows the demand curve which is downward sloping.

Answer 2

Answer:

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.

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