Economy, asked by jaatryaan8572, 1 year ago

Law of demand explains inverse relationship between _______: (a) Price and demand (b) Demand and Price (c) Income and demand (d) Demand and income

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Answered by FuzzieGirl

5

Answer:

Inverse Relationship In Law Of Demand

Price and demand are inversely related to each other in law of demand .

This is because when the Price of a commodity Rises , the Demand for that Commodity Decreases.

and just like that, if the Price of a commodity Falls, then the Demand for that Commodity Increases.

hope it may help you....

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