Economy, asked by kenbaby, 3 months ago

what do u mean by law of demand​

Answers

Answered by adarsh14092
0

Explanation:

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 splenderp8
0

The Law of demand states that other factors being constant 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.

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