Economy, asked by Nikhilkumrawat, 1 year ago

relationship between Price and Demand is

Answers

Answered by Anonymous
2
Demand refers to how much (quantity)of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; therelationship between price and quantity demanded is known as thedemand relationship. 
Answered by smita24
0

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Relationship between Price and Demand is

“price is inversely proportional to demand”. This means that when the price of a good increases, demand for that good decreases

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