Economy, asked by lanjekarved2003, 1 month ago

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

Answers

Answered by Anonymous
1

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 (↑)".

Similar questions