Question

State the law demand and the factor affecting

Answer 1

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.

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Answer 2

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.