Question

explain the law of demand in short
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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

Answer:

The law of demand is the one of the most fundamental concepts in economics. The law of demand states that quantity purchases varies inversily with price.

Explanation:

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