Question

Page No.23
Dato
cel
Complete the following Statments :
relationship between demand for a goods & phice
or its
Substitute
The
is
direct
inverse
no effect
can be direct and inverse
dll
and demand​

Answer 1

Explanation:

The classic microeconomics supply and demand model shows price on the vertical axis and demand on the horizontal axis. In between, them is a downward-slowing demand curve where price and quantity demanded to have an inverse relationship. The general concept is intuitive: as goods become more expensive, people tend to demand less of them.

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