State the law demand and the factor affecting
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heya!
law of demand states that other thing being equal (remaining constant) there is inverse(negative) relationship between price n demand means higher the price lower the demand n lower the price higher the demand. there r large no of factors which affects demand for e. g. income, taste, preference, fashion, price of related goods etc.
hope this help!!
law of demand states that other thing being equal (remaining constant) there is inverse(negative) relationship between price n demand means higher the price lower the demand n lower the price higher the demand. there r large no of factors which affects demand for e. g. income, taste, preference, fashion, price of related goods etc.
hope this help!!
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law of demand states that other thing being equal (remaining constant) there is inverse(negative) relationship between price n demand means higher the price lower the demand n lower the price higher the demand. there r large no of factors which affects demand for e. g. income, taste, preference, fashion, price of related goods etc.
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