what do you mean by law of demand?
Answers
Answered by
4
according to law of demand when a commodity price will increase then its demand will be decreased and when a commodity demand will decrease then the commodity demand will be increased according to law of demand Price and Demand have inverse relation
hope it will help you please mark as brainliest ......
Answered by
1
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.
Similar questions