explain law of demand with the help of schedule and diagram
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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. ... The functional relationship between price and quantity demanded can be represented as Dx = f(Px).
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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.The functional relationship between price and quantity demanded can be represented as Dx = f(Px).
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