Economy, asked by aparna5957, 1 year ago

plz answer to this question:-
1) Explain the law of demand.​

Answers

Answered by vanshparekh
1

Answer:

The principle explaining the relationship between price and demand for a good keeping the effect of all other determinants as constant is called the 'law of Demand'.

Answered by 23atkah
1

Heya mate your answer is

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In microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases, quantity demanded decreases; conversely, as the price of a good decreases, quantity demanded".

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