Question

what is demand? Explain the law of demand
with
example​

Answer 1

Answer:

When the price of a product increases, the demand for the same product will fall. Description: Law of demand explains consumer choice behavior when the price changes. ... Clearly when the price of the commodity increases from price p3 to p2, then its quantity demand comes down from Q3 to Q2 and then to Q3 and vice versa.

Answer 2

Answer:

When the price of a product increases, the demand for the same product will fall. Description: Law of demand explains consumer choice behavior when the price changes. ... Clearly when the price of the commodity increases from price p3 to p2, then its quantity demand comes down from Q3 to Q2 and then to Q3 and vice versa.

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