Explain the law of demand with the help of schedule and demand curve?
Answers
Answered by
12
The law of demand describes the relationship between the quantity demanded and the price of a product. It states that the demand for a product decreases with increase in its price and vice versa, while other factors are at constant.Therefore, there is an inverse relationship between the price and quantity demanded of a product.
Answered by
3
Answer:
Hope this answer will help you.
Attachments:
Similar questions
Social Sciences,
7 months ago