Economy, asked by sheikhsmyra, 4 months ago

explain law of demand with the help of schedule and diagram​

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Answered by Anonymous
2

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).

Answered by Anonymous
15

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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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