Economy, asked by Niteshsharma9861, 2 months ago

State the Law of Demand. Explain the reasons behind negative slope of Demand Curve.​

Answers

Answered by swetasarkar950
1

Explanation:

The law of demand states that there is an inverse proportional relationship between price and demand of a commodity. When the price of commodity increases, its demand decreases. ... Thus, the demand curve is downward sloping from left to right.

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