What conclusions on theory of demand
Answers
Answer:
Theory of Demand, tells the relationship between the price of goods and its quantity demanded. If the price of any good or service increases then its demand decreases and vice versa. The better you understand the law of demand, the better you will understand why you pay different prices for different goods.
Answer:
Theory of Demand ,tells the relationship between the price of goods and it's quantity demanded .if the price of any good or service increase then it's demand decreases and vice versa ...it defines relationship between the quantity of a good consumers will purchase and the price charged for that good .For example if u really like apple products ,u might not mind paying a higher price of the vnew phone that just come out o8
Explanation:
we defined demand as the amount of some product that a consumers is willing and able to purchase at each price ......the prices of related goods can also affect demand.if u need a new car.
example:the price of a Honda may affectvur demand for a Ford
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