Question

what is demand function and law of demand?
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Answer 1

An algebraic expression of the relationship between price and quantity demanded is known as a demand function. The law of demand holds because, when the price of a good increases, consumers tend to buy less of it and more of other goods. The converse is also true.

Answer 2

Answer:

it's in the explanation

Explanation:

An algebraic expression of the relationship between price and quantity demanded is known as a demand function. The law of demand holds because, when the price of a good increases, consumers tend to buy less of it and more of other goods. The converse is also true