Economy, asked by lanjekarved2003, 3 months ago

Fall in quantity demanded as a result of increase in price....

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Answered by Anonymous

Explanation:

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 (↑)".

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