Question

explain the causes behind law of demand?​

Answer 1

Explanation:

Reasons for Law of Demand. Substitution Effect: The Substitution effect is seen when the quantity demanded for one commodity changes due to the change in the price of other closely related commodity. ... Thus, the increase in demand due to the increase in the real income is called as the income effect.

Answer 2

Explanation:

Reasons for Law of Demand. Substitution Effect:

The Substitution effect is seen when the quantity demanded for one commodity changes due to the change in the price of other closely related commodity.

Thus, the increase in demand due to the increase in the real income is called as the income effect.