Question

Explain the law of Demand... Essay Question Answer✅ Correctly❌ Wrong answer will be reported...​

Answer 1

Answer:

In microeconomics, the law of demand is a fundamental principle which states that, "conditional on all else being equal, as the price of a good increases, quantity demanded will decrease; conversely, as the price of a good decreases, quantity demanded will increase".

Answer 2

Explanation:

Law of demand states that other factors being constant price and quality demand of any goods and services are inversely related to each other.when the price of the demand increases,the demand of the same product will fall.