the law of demend states that the quality of a good demended varies
Answers
Answered by
7
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
Answered by
3
Answer:
The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded.
Similar questions
Computer Science,
2 months ago
Computer Science,
5 months ago
Math,
5 months ago
Biology,
10 months ago