Question

The law of demand refers to
price-supply relationship
price-demand relationship
(b)
(d)
price-cost relationship
price-income relationship
Ans : price-demand relationship​

Answer 1

Answer:

The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.

Explanation:

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