Question

explain the law of demand with the help of a diagram explain any five factors affecting the demand of commodity​

Answer 1

Answer:

The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time. The demand curve will move downward from the left to the right, which expresses the law of demand: As the price of a given commodity increases, the quantity demanded decreases (all else being equal). When the price of commodities decreases, the quantity demanded will then increase.