Economy, asked by snehasharma716716716, 7 months ago

meaning of law of demand

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Answered by prajapatinkp

ʜᴇʀᴇ ɪs ʏᴏᴜʀ ᴀɴsᴡᴇʀ:

The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.

ᴘʟᴇᴀsᴇ ᴍᴀʀᴋ ᴍᴇ ᴀs ʙʀᴀɪɴʟɪsᴛ

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meaning of law of demand​

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meaning of law of demand